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Article: 1st Ld: All stocks trigger suspensions on China's Nasdaq-style board under price-rise rules on first day

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Xinhua News Agency
Article date:
October 29, 2009
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1st Ld: All stocks trigger suspensions on China's Nasdaq-style board under price-rise rules on first day

SHENZHEN, Oct. 30 (Xinhua) -- All 28 stocks on China's new Nasdaq- style market for small and medium-sized companies had been temporarily suspended within the first two hours of trading on its opening day Friday.

The stocks on the ChiNext exchange in Shenzhen, Guangdong Province, had all been suspended at least once by 11:20 a.m. under rules to prevent wild fluctuations in share prices.

To reduce speculation, the Shenzhen Stock Exchange issued special suspension rules if any stocks fluctuate too wildly on the first day of trading on ChiNext.

Under the rules, if any stock fluctuates ...

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