Chinese stocks plunged Monday after the country's securities regulator rapped three major brokerages for continuing to lend money for stock purchases in violation of rules. As punishment for extending so called "margin trading" contracts, the brokerages are forbidden to offer credit to new customers for three months.Ouch.
Monday, January 19, 2015
Q&A: Why China's stock market plunged 8 percent
The AP reports:
