“In addition, [Monday’s] stumble shows the dangers of meddling with free markets, as some are attributing the fall to the imminent expiry of a ban on share sales by large investors that was introduced in August after the summer rout,” he added.
“This echoes prior failed initiatives elsewhere and suggests the free markets are best left to sort out themselves.”
Alastair McCaig, market analyst at IG, added: “Anyone hitting the trading floor expecting a calm and quiet start to 2016 was given a rude surprise as Asian chaos affected European markets. This swift return to the 2015 template of worrying about China looks to have been the trigger for the selloff in Chinese equities.”
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