China’s regulators to investigate ‘massive sell-off’ of stocks

(From China Daily)

The China Securities Regulatory Commission said it is probing “a massive sell-off” after Monday’s sharp dive in the market.

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The CSRC said it had received whistle-blower reports and market monitoring reports, and hadorganized inspection and enforcement teams.

The Shanghai Composite index lost almost 8.5 percent on Monday, the largest daily loss ineight years, followed by another 1.68 percent loss on Tuesday. Read More

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