The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images
The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images

Shenzhen Stock Exchange suspends three companies as loosened trading rules fuel wild gains on ChiNext tech board

  • The move comes less than three weeks after the limit on how much a single stock can rise or fall every day was doubled to 20 per cent
  • The ChiNext index tumbled 4.8 per cent for its biggest loss since July on concerns about heightened regulatory scrutiny and elevated valuations

Topic |   Shenzhen Stock Index
The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images
The ChiNext had surged 47 per cent this year, up to Tuesday, lifting its price-to-earnings ratio to 60.8 times. Photo: VCG via Getty Images
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