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China's Neighbors Step Up Stock Market Support

Bloomberg business news

China Stocks Sink Most Since 2007 as Selloff Continues

China isn’t the only country resorting to extraordinary measures to shore up its tumbling stock market.

Taiwan on Sunday slapped a ban on short-selling of borrowed stocks at prices lower than the previous day’s close, while South Korea’s finance ministry said it will act “pre-emptively” after the nation’s largest exchange-traded fund suffered the biggest weekly withdrawal since its inception 15 years ago. China itself said over the weekend it will allow pension funds to invest in stocks for the first time, while penalizing major shareholders at publicly traded companies for violating rules that limit stake sales.