China futures exchange imposes limits to curb 'speculation'
BEIJING (Reuters) - China has restricted 164 investors in the stock futures market from opening accounts for a month to temper "speculation", the China Financial Futures Exchange said in a statement on Wednesday.
The curbs came as volatile Chinese shares slipped again on Wednesday after simultaneous cuts in interest rates and the reserve ratio failed to whet demand for stocks.
(Reporting by Kevin Yao and Meng Meng; Editing by Ryan Woo)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Dollar calm ahead of week's key data; euro gains after PMI release
- Japan's corporate service inflation perks up in March
- TI forecasts Q2 revenue above estimates as analog chip demand improves
Create E-mail Alert Related Categories
Forex, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!