NEW YORK (AP) — July 4th went off like a dud at the box office. Anticipated new releases "Magic Mike XXL" and "Terminator Genisys" fizzled, leaving the popular holdovers "Jurassic World" and "Inside Out" to top the holiday weekend.
The number of Chinese-listed companies seeking to halt trading in their shares has surged since the country's bourses began a precipitous plunge in the middle of last month, prompting concern some firms are trying to escape the turbulent markets. Over 700 firms listed in Shanghai and Shenzhen - equivalent to around a quarter of the firms on the two exchanges - have issued requests to suspend trading or extend trading halts since a June 12 peak, according to an analysis of company filings. The number of firms that have requested trading halts or extensions since then is around double the number for all of April, the analysis shows, underlining a concern traders have that firms can too easily suspend their shares to avoid the worst impacts of a downturn.
SHANGHAI (Reuters) - China's biggest exchange-traded fund (ETF) jumped more than 6 percent on Monday in record turnover, in the clearest sign yet that money from Chinese brokerages, mutual funds and sovereign wealth funds could be flowing into blue chips as part of a rescue package unveiled over the weekend.