By Thierry Laduguie | Thursday 9 July 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The stock market is struggling to move up, global stocks are pressurised by the decline in the Chinese stock market. Chinese stocks bounced today after the local regulator banned shareholders with large stakes from selling. There were further attempts by the PBOC to stimulate the market but over 1330 Chinese companies had to halt trading. I am not sure this is the solution, if you know you may be next to be banned from selling you probably want to sell now to get out before it’s too late. This could accelerate the sell off instead of stopping it.
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