(Bloomberg) -- China's stocks tumbled the most in three
months after the government tripled the tax on securities
transactions to cool a rally that's drawing more than 300,000 new
investors a day.
The CSI 300 Index dropped 281.83, or 6.8 percent, to close at
3886.46 in Shanghai. The value of local stocks has more than
doubled this year to $2.47 trillion and brokerage accounts topped
100 million for the first time this week.
Read more at Bloomberg Stocks News
months after the government tripled the tax on securities
transactions to cool a rally that's drawing more than 300,000 new
investors a day.
The CSI 300 Index dropped 281.83, or 6.8 percent, to close at
3886.46 in Shanghai. The value of local stocks has more than
doubled this year to $2.47 trillion and brokerage accounts topped
100 million for the first time this week.
Read more at Bloomberg Stocks News
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