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China stocks dive more than 7 pct Monday   

A股大溃败沪指午后暴跌近7.5% 逾百股跌停

午后A股继续跳水,沪指暴跌近7.5%,金融股跌势依旧惨重,煤炭、房地产、钢铁等一二线蓝筹股成为午后砸盘主力。早盘暴涨的创业板,午后跳水翻绿,四大股指全线下挫。[查看全文]
2015-01-19 13:36 Xinhua Web Editor: Qin Dexing
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Chinese stocks plummeted by more than 7 percent in Monday's afternoon trading, led by declines in brokerage firms and commercial banks.

Most of the brokerage shares tumbled by the daily trading limit of 10 percent as securities regulator stepped up regulation on margin trading.

The China Securities Regulatory Commission said late Friday that 12 brokerage firms had been found to violate rules in their margin trading businesses.

The benchmark Shanghai Composite Index dropped 5.53 percent to open at 3,189.73. The Shenzhen Component Index opened at 10,939.04, down 5.15 percent.

Analysts said strengthened checks on margin trading, which is believed to fuel the recent rally in the stock market, caused panic and hurt sentiment.

Banking and insurance shares also posted big plunges on Monday.

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