Chart of the day: Shanghai’s margin call

China's benchmark index, the Shanghai Composite Index, plunged 8% after regulators cracked down on margin trading.

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China's benchmark index, the Shanghai Composite, plunged by almost 8% last Monday, its worst one-day slide in almost seven years, after regulators banned three major brokerages from opening new margin trading accounts for three months. "It was essentially a giant margin call on a highly leveraged market," says Aaron Back in The Wall Street Journal.

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