ML-Implode News - One-Minute Plunge Sends Chinese Stock Futures Down by 10% Limit

Chinese stock-index futures plunged by the daily limit before snapping back in less than a minute, the second sudden swing to rattle traders this month. Contracts on the CSI 300 Index dropped as much as 10 percent at 10:42 a.m. local time, recovering almost all of their losses in the same minute.
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The unexplained slump follows a similar drop in Hang Seng China Enterprises Index futures on May 16 in Hong Kong, a move that heightened anxiety among investors facing slower Chinese economic growth and a weakening yuan...
"Liquidity in the market is really thin at the moment," Fang Shisheng, Shanghai-based vice general manager at Orient Securities Futures Co., said by phone. "So the market will very likely see big swings if a big order comes in."

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One-Minute Plunge Sends Chinese Stock Futures Down by 10% Limit