China Margin Debt Shrinks First Time in a Month Amid Stock Rout
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Chinese stock investors reduced leveraged positions in Shanghai for the first time in a month as the benchmark equity index plunged.
The outstanding amount of margin debt on the Shanghai Stock Exchange fell to 1.479 trillion yuan ($238 billion) on Friday from a record 1.483 trillion yuan the previous day, the first decline since May 22. Shares sank 6.4 percent Friday to cap their worst week since the global financial crisis in 2008.