MW: Chinese exchange acts to curb futures speculation
The China Financial Futures Exchange has increased margin requirements for stock-index futures due to the "market situation," the exchange said in a statement dated Wednesday. The exchange's moves represent an effort to limit speculation after stock-index futures tumbled by their daily limit of 10% for two sessions in a row, a Reuters report said. Beyond increasing margin requirements, the exchange also unveiled new transaction fees and restrictions on daily open positions.
