Many stocks immediately fell by the 10 percent daily limit — almost 3,500 at the last count. China’s benchmark iron ore contract declined by its daily limit of 8 percent, while crude and palm oil also sank by the maximum allowed. “It is really hard to trade stocks,” Beijing WanDeFu Investment Management Co (北京萬得富投資管理) chairman Li Shuwei (李樹偉) said. It’s too early to buy stocks right now and it’s also difficult to sell as all shares are limit down. In addition, the commission suspended securities lending, one of the few short selling tools available in China, until further notice, the people said.

Source: Taipei Times February 03, 2020 15:56 UTC