China stock markets turnover hits record highs

FXStreet (Mumbai) – As per Bloomberg reports, more money is changing hands trading stocks in China than in the US a market more than twice its size.

Combined turnover in Shanghai and Shenzhen rose to a record $380 billion on Thursday, exceeding the value of shares traded in the U.S on Wednesday by $132 billion, as the attached chart shows. Turnover in London was $8.9 billion on Wednesday.

Equity volume in China surged since late November as monetary easing and speculation of further stimulus ignited the world’s biggest rally. The Shanghai Composite Index tumbled 6.5% on Thursday amid concern the government will take steps to cool gains in a market where individual investors account for 80% of trading.

News hit the wires on Wednesday that more brokers tightened margin trading requirements and PBOC drained money to reduce flush liquidity in the financial system. The gauge is up 72% in the past six months.

As per Bloomberg reports, more money is changing hands trading stocks in China than in the US a market more than twice its size.

(Market News Provided by FXstreet)