China’s Shanghai Composite Index pl

China’s Shanghai Composite Index plunged amid concern a raft of measures to stabilize equities is failing to stop the bear-market rout as traders unwind margin bets at a record pace.
The Shanghai Composite tumbled as much as 8.2 percent, the most since 2007, before paring losses to 4.8 percent to trade at 3,549.92 at 9:56 a.m. local time. There were four gainers among the 1,106 stocks that trade on the benchmark gauge, which has slumped 28 percent since the June peak. PetroChina Co., the biggest stock, tumbled 4.9 percent as nine out of 10 industry gauges dropped at least 4 percent in the CSI 300 Index.

In the latest attempts to stem losses, the government raised margin requirements for CSI 500 Index futures, while the China Securities Finance Corp. will buy more shares of smaller companies. About 43 percent of the stock market is frozen after more than a thousand companies suspended their shares.

“Greed and fear,” said Michael Every, head of financial markets research at Rabobank Group in Hong Kong. “If you hadn’t been greedy you’d have nothing to fear now. We are heading to 2,500.”

Traders cut 98.3 billion yuan worth of shareholdings purchased with borrowed money on the Shanghai exchange on Tuesday, an 8.5 percent drop that’s the biggest on record.

Plunging Chinese equities have damaged the confidence of its main driving force -- the more than 90 million individual investors who make up about 80 percent of the market, according to a survey of households.

While they are “relatively optimistic” about the future, they still want to reduce their stakes as their gains vanish, according to a poll by the Survey and Research Center for China Household Finance at the Southwestern University of Finance and Economics.

-Bloomberg-

Hasil (Bahasa Indonesia) 2:

China Shanghai Composite Index jatuh di tengah kekhawatiran rakit langkah-langkah untuk menstabilkan ekuitas gagal untuk menghentikan kekalahan beruang-pasar karena pedagang bersantai taruhan marjin pada kecepatan rekor.
The Shanghai Composite jatuh sebanyak 8,2 persen, terbesar sejak 2007, sebelum pengupas kerugian 4,8 persen untuk perdagangan di 3,549.92 pada 09:56 waktu setempat. Ada empat gainers antara 1.106 saham yang diperdagangkan di Indeks acuan, yang telah merosot 28 persen sejak puncak bulan Juni. PetroChina Co, saham terbesar, anjlok 4,9 persen karena sembilan dari 10 alat pengukur industri turun setidaknya 4 persen pada Indeks CSI 300. Dalam upaya terbaru untuk membendung kerugian, pemerintah menaikkan persyaratan margin untuk CSI 500 Index berjangka, sedangkan China Securities Finance Corp akan membeli lebih banyak saham dari perusahaan yang lebih kecil. Sekitar 43 persen dari pasar saham beku setelah lebih dari seribu perusahaan ditangguhkan saham mereka. "Keserakahan dan ketakutan," kata Michael Setiap, kepala penelitian pasar keuangan di Rabobank Group di Hong Kong. "Jika Anda tidak pernah serakah kau tidak perlu takut sekarang. Kami menuju ke 2.500 ". Pedagang memotong 98300000000 yuan senilai kepemilikan saham yang dibeli dengan uang pinjaman di bursa Shanghai pada hari Selasa, penurunan 8,5 persen yang terbesar pada catatan. Terjun ekuitas China telah merusak kepercayaan dari kekuatan pendorong utama - lebih dari 90 juta investor individu yang membuat sekitar 80 persen dari pasar, menurut survei rumah tangga. Sementara mereka yang "relatif optimis" tentang masa depan, mereka masih ingin mengurangi saham mereka sebagai keuntungan mereka lenyap, menurut Jajak pendapat oleh Survey dan Penelitian Pusat Cina Rumah Tangga Keuangan di Barat Universitas Keuangan dan Ekonomi. -Bloomberg-