Volume Collapses As China Commodity Exchanges Ordered To “Curb Speculation”

by Tyler Durden
ZeroHedge.com
04/28/2016

We have been warning about China’s speculative commodity trading bubble – spewing false signals around the world about the strength of the real economy – and now, as we suggested previously, Chinese authorities have decided to burst yet another bubble they created.Reuters reports that China’s Securities regulator has ordered three major commodity exchanges to “control intraday speculation in commodity markets,” ordering them to “curb trading for investors with no commodity industry background.” Volume has crashed… and just as it did in the equity markets, price will follow.

The Rest…HERE

This entry was posted on Thursday, April 28th, 2016 at 12:41 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.