China is going to double deposit required for investors in margin trading. Authorities aims to limit a practice that created a massive market bubble. According to the news, both the Shanghai and Shenzhen stock exchanges will increase the minimum level for margin trading to 100 percent from 50 percent. Note that margin trading was behind a stock market rally that sent the Shanghai index up 150 percent in a year.
- After Paris attacks, France closes borders
- On Friday, U.S. markets posted biggest daily gains in 3 months