(Bloomberg) -- China's shares fell, erasing earlier
gains, on concern the government will step up efforts to cool
the market after a tripling of the tax on securities trades
failed to deter new investors.
The CSI 300 Index, which tracks yuan-denominated A shares
listed on China's two exchanges, slid 9.61, or 0.2 percent, to
3918.34 as of 1:58 p.m. local time, after earlier climbing as
much as 2.2 percent. Account openings at brokerages exceeded
400,000 for the third time in a row on May 30, when stamp duty
was raised to 0.3 percent and the CSI 300 plunged 6.8 percent.
The benchmark rose 1.1 percent yesterday.
Read more at Bloomberg Stocks News
gains, on concern the government will step up efforts to cool
the market after a tripling of the tax on securities trades
failed to deter new investors.
The CSI 300 Index, which tracks yuan-denominated A shares
listed on China's two exchanges, slid 9.61, or 0.2 percent, to
3918.34 as of 1:58 p.m. local time, after earlier climbing as
much as 2.2 percent. Account openings at brokerages exceeded
400,000 for the third time in a row on May 30, when stamp duty
was raised to 0.3 percent and the CSI 300 plunged 6.8 percent.
The benchmark rose 1.1 percent yesterday.
Read more at Bloomberg Stocks News
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