China’s Shanghai Composite plummets to a four-year trading low

News Snapshot:

A handful of Chinese stocks and exchange traded funds have caught a topside bid on Friday afternoon even though the broader Chinese stock market fell to a new four-year trading low this week. The Chinese stock market continues to feel the downward pressure with news breaking that the nation’s largest brokerage has suspended short selling for specific clients in an attempt to prevent an accelerating decline. Citic Securities Co., the state-owned firm headquartered in Shenzhen, has halted the lending of stocks to market players and increased its requirements for institutional clients this week, according to Bloomberg. China’s CSI 300 Index...