The Shanghai and Shenzhen stock exchanges halted same-day transactions for short-sellers on Tuesday in another push to calm the mainland’s volatile market, The New York Times reported, citing announcements from both bourses. The exchanges blamed short-selling for causing “abnormal fluctuations in share prices and impacting the stable operation of the market.” Investors will now be required to keep their trading positions open until the start of the next trading day, making it more difficult to bet on falling share prices. Shanghai’s benchmark index closed up 3.7% following word of the new restrictions.
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