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The relative calm in mainland markets followed a barrage of government measures this week as policy makers scrambled to put a floor under a stock market that had tumbled around 30 percent in just three weeks, wiping trillions of dollars off the market value. The Shanghai Index...

The Shanghai Composite Index closed at 3,507 points on July 8, down 5.9 percent from the previous day.

Meanwhile, the China Association for Public Companies urged shareholders and company executives “to buy back, increase their shares and other measures to stabilise the companies’ share price”.

After years of climbing stock prices that have attracted 90 mn individual investors and increased investment from major investors, the government is concerned plummeting stock prices will further retard the country’s already slowing economic growth rate. The authorities...

Regarding Chinese stock investors, he said individual investors now account for about 20 per cent of market capitalisation with their source of funds being household savings and margin loans, resulting in forced sales when share prices fall sharply.

By Ken Sweet, The Associated Press on July 8, 2015.

Such reassurance has done little to halt the declines.

Greece’s banks may soon run out of money and the country could be forced to issue its own currency. The dollar index added 0.2 percent to 96.279. So the initial response to the Greek referendum was negative but not panicked.

Bloomberg News reported that trading has been suspended on more than 1,200 shares in China.

Traders are increasingly nervous about the unusually large number of Chinese companies asking for their shares to be suspended from trading, fearing that many of them are looking for excuses to duck out of the market turmoil.

In this photo taken Monday, July 6, 2015, a stock investor monitors the Shanghai Composite Index at a brokerage house in Qingdao in east China’s Shandong province.