From Bloomie, following last week’s action by regulators targeting stock market margin lending:
Traders reduced holdings of Shanghai shares purchased with borrowed money by the most since June 2013 after regulatory efforts to curb margin lending sparked the biggest stock-market selloff in six years.
The outstanding balance of margin debt fell 1.9 percent to 752 billion yuan ($121 billion) yesterday, according to data from the Shanghai Stock Exchange. The city’s benchmark equity index sank 7.7 percent yesterday, the most since June 2008.