Do they also have limits on 10% rise each day? | Hacker News

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		laichzeit0 on July 8, 2015 \| parent \| context \| favorite \| on: China Trade Halts Locks Up $2.2 Trillion of Shares... Do they also have limits on 10% rise each day?

adventured on July 8, 2015 | [–]

Yes, stocks can only climb by 10% max per day.

That led to some bizarre circumstances, where new IPOs during the upside mania were going up by the limit every day for weeks after the IPO.

seanmcdirmid on July 8, 2015 | [–]

Yes, the blue chips that the government is pumping money into are bumping up against those limits also. Really really messed up.

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