Beijing Stock Exchange shaken as index plummets 6%: major shareholders urged to hold

<p>Beijing's Stock Exchange 50% index has been sliced lower by 6%.&nbsp;</p><p>Yesterday's news didn't inspire confidence:</p><ul><li><a href="https://www.forexlive.com/news/beijing-exchange-suspends-share-reduction-by-major-shareholders-of-listed-companies-20231127/" target="_blank" rel="follow">Beijing Stock Exchange has asked major shareholders of listed companies not to reduce holdings even if they are eligible to do so</a></li><li><a href="https://www.forexlive.com/news/beijing-stock-exchange-reportedly-calls-for-major-shareholders-to-refrain-from-selling-20231127/" target="_blank" rel="follow">Beijing Stock Exchange reportedly calls for 'major shareholders' to refrain from selling</a></li></ul><figure data-media-><img src="https://images.forexlive.com/images/Hu%20Jintao%20xi_id_0251ae62-5ab0-402a-8991-ac9ee14b8591_size900.jpg" alt="Hu Jintao xi 2" width="900" height="520" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Hu%20Jintao%20xi_id_0251ae62-5ab0-402a-8991-ac9ee14b8591_size900.jpg" /></figure><p>Former Chinese President Hu Jintao being escorted out.</p><p>Former&nbsp;Premier Li Keqiang is dead.</p><p>Maybe following instructions from Xi is a smart move.&nbsp;</p><p><br></p><p><br></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.