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China’s margin trading is picking up as investors rush into the stock market on expectation that Chinese government will step up stimulus measures to support the economy hit by the coronavirus outbreak.
China's benchmark Shanghai Composite Index has gained more than 12 per cent since the market reopened after the Lunar New Year holiday. The tech-heavy Chinext index has surged by nearly 25 per cent. Between February 19 and March 3, total turnover on the two exchanges in Shanghai and Shenzhen exceeded 1 trillion yuan for ten consecutive days.
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