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China’s Market Plunge: Where Only 3% of Firms Could Trade
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An analysis by the Wall Street Journal shows that on July 9, 2015, with the market plunge only 3.2% of companies traded normally. The rest of the shares for the Shanghai and the Shenzhen Stock Exchanges were suspended or hit a daily limit for declines. 51% of companies took themselves off the market, and 46% halted trading because of limit rules.
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At one point on July 9, 2015 only about 4% of companies were trading on the Shenzhen and Shanghai Stock Exchanges.
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China’s Market Plunge: Where Only 3% of Firms Could Trade
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