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China's stock market saw new A-share accounts drop 7% in July to 2.66 million, with margin trading also slowing, amid a global tech sell-off
The slowdown in new account openings and leveraged trading in mainland China's stock market during July is attributed to a global artificial intelligence-linked sell-off, which dampened investor appetite after a positive first half for technology shares. The cumulative tally for new A-share accounts from January to July reached 22.82 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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