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FTSE falls below 7000 on Greek woes and Chinese rule change

http://www.theguardian.com/business/marketforceslive/2015/apr/17/ftse-falls-below-7000-on-greek-woes-and-chinese-rule-change

As for Greece, there are few signs that the two sides are getting any closer to an agreement which would release badly needed bailout funds to the country, which also faces a number of imminent payments, not least to the International Monetary Fund which has ruled out any postponement of what is due.

Market fears that Beijing was cracking down on stock speculation sent Chinese share futures tumbling

Global markets ended the week on a sour note, with worries about the fate of Greece in the eurozone unsettling investors as well as uncertainty over a Chinese rule change on share trading.

Chinese regulators altered rules to encourage institutional short selling and banned trading on over the counter or non-exchange-listed securities using leverage. The rules were aimed at adding a bit more two-sidedness, but given Chinese equities have been going almost vertically up, that second side could only be down.