June 19, 2015: Chinese stocks markets has suffered worst weekly fall after 2008. Its is said that financial crisis occurred due toÂ a flurry of initial public offerings (IPOs) and concerns about stricter trading rules.
According to analysts at IG market “$1.1tn (Â£693bn) is lockedÂ up for subscription to IPOs.
Shanghai Composite fell by 6.4% and it closed atÂ 4,478.36, it is said that it droppedÂ more than 13% over the week.
But in HongKongÂ the Hang Seng index rose toÂ 0.3% on Friday to close at 26,760.53.
According to 21st Century Business Herald,” Bernard Aw,Â “the China Securities Regulatory Commission was reported to be working on margin trading risk management rules for securities companies.
Rest of asias stock markets were mostly higher. In japan Nikkei closed up at 0.9%,Â South Korea’s Kospi index rose 0.25%,Â Australia’s the S&P/ASX 200 rose to 1.3%.