Foxconn Industrial Internet stock (601138.SS) faces Monday test as China clamps down on margin buying
Foxconn Industrial Internet’s Shanghai shares rose 3.64% to 63.00 yuan Friday, with 262.6 million shares traded. China’s exchanges will raise the minimum margin requirement for new leveraged stock purchases to 100% starting Monday. The Shanghai Composite climbed 6% in the past month. Traders await China’s GDP and economic data due Monday.
