World’s Wildest Stock Market Submits to Communist Party Rule
Investors at a stock exchange corporation on April 7, 2015 in Huaibei, Anhui province of China.
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It took three weeks of unprecedented government intervention, but Chinese authorities have finally managed to subdue the world’s wildest stock market.
That’s the verdict from options traders, whose expectations of share-price swings on mainland exchanges have tumbled 48 percent since the end of June. In a market where daily fluctuations exceeding 3 percent had become the norm, this week’s moves of less than 1 percent in the Shanghai Composite Index have barely registered on the price charts.