China bourse investigates brokerages for foreigner investor trades-report

Newswire

SHANGHAI, Dec 30 (Reuters) - The Shanghai Stock Exchange has criticized four Chinese securities brokerages for late trades on behalf of foreign investors that caused a sudden tumble in several blue-chip stocks two weeks ago, state media reported on Monday. The large-cap stocks, including China Construction Bank , CITIC Bank and Great Wall Motor , suffered big falls in the closing two minutes of trade on Dec. 20 after orders from the investors were executed. The share prices ...

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