China Securities Exchange (SSE) Expected To Open Under Water Wednesday, Feb 12

The China Securities Exchange (SSE) is expected to open Wednesday, February 12, with the Shanghai Composite index down about 1.2% at open, following continued weakness in mainland equity markets. The index closed the prior session at 3,428.83, down 0.8% from the previous day. The move follows a government-appointed board chair's statement signaling tighter regulation and reduced support for speculative trading. Volume is forecast to remain清淡, with a gauge of listed trading activity indicating a 15% drop from the prior week.