2% lower, with bank shares hitting or nearing the daily trading limit
of a 30% loss.
In Shanghai, state-owned China Avic Electronics jumped by its 10 percent daily trading limit
Besides the lower cap, the mainland stock exchange still imposes a daily trading limit
of 10 per cent and a T+1 system that prohibits investors from purchasing and disposing the same shares in the same day in a bid to prevent market volatility.
Previously, the daily trading limit
was fixed at 0.
The bank set a daily trading limit
for the ETF desk of 100 billion US dollars (pounds 61.
4% to 584 yen on Wednesday, falling by its daily trading limit
of 150 yen.
Double Coin, which slumped by the daily trading limit
of 10 percent in Shanghai on Monday, said it was concerned about how the dispute could affect the industry s development.
The daily trading limit
is 986,669 Shares until October 2, 2008, unless further extended, and 246,667 Shares thereafter, subject to block purchase exceptions.
China announced Friday it will widen the daily trading limit
for the yuan against the dollar, effective Monday, and the move triggered purchases of the yen and other Asian currencies in New York trading, traders said.
The dollar rose slightly in Tokyo morning trading on the back of buoyancy in Chinese stocks after the People's Bank of China widened the daily trading limit
for the yuan against the dollar.
The yuan closed near its lowest daily trading limit
versus the dollar from the central bank's mid-point on Friday after trading mostly at the limit during the session.
Origin Electric ended the day at ask-only of 815 yen after losing its daily trading limit
of 100 yen.