Shanghai Margin Trades Shrink Most in Three Years Before Holiday
This article is for subscribers only.
Chinese traders reduced holdings of stocks purchased with borrowed money by the most in three years as cash needs increased before the week-long Lunar New Year holidays.
The outstanding value of margin debt on the Shanghai Stock Exchange fell 3.1 percent on Feb. 13 to 779.2 billion yuan ($124.9 billion), according to data from the bourse. That’s the biggest drop since Jan. 20, 2012, when it slid 4.8 percent.