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PowerX shares slump as TSE margin trading curbs weigh on investor sentiment
PowerX, Inc. <485A> shares extended their sharp retreat on Tuesday. Following the market close on the 13th, the Tokyo Stock Exchange said it would impose temporary margin trading restrictions on PowerX starting April 14, hiking the minimum margin requirement to at least 50% for new positions, including a 20% cash component. The move intensified selling pressure as investors worried the higher trading costs would dampen speculative short-term capital inflows. Japan Securities Finance Co., Ltd. echoed the move, raising its collateral requirements for loan transactions to 50% to align with the exchange’s tighter oversight.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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