Two-Minute Plunge Roils China H Shares as Futures Volume Soars
- Hang Seng China gauge swings to loss of 1.5% from 1% gain
- Hong Kong bourse says not received any claims of error trades
How Closely Should the Fed Be Watching China?
This article is for subscribers only.
A sudden plunge by Chinese stocks in Hong Kong had traders scrambling to find a trigger for the slump that coincided with a surge in futures volumes.
The Hang Seng China Enterprises Index tracking some of the nation’s biggest companies tumbled from an advance of 1 percent to a loss of 1.5 percent in about two minutes, before rebounding to a gain. Stocks including Tsingtao Brewery Co. and PetroChina Co. fell sharply at 2:14 p.m. in Hong Kong before paring losses. The same shares in Shanghai didn’t replicate the move.