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Insight: China's night-owl retail investors leverage up to dominate oil futures trade

Reuters  |  BEIJING 

By Meng Meng and Josephine MasonBEIJING (Reuters) - As 9 pm approaches every weekday night in China, a small army of individual investors from around the country log onto trading apps on their mobile phones and laptops.Wall Street may be about to open but these night owls are interested in trading something much closer to home - the new Shanghai crude oil futures contracts that were launched in late March.Armed with risky loans from online firms or digging into their own savings, they threaten to play an outsized role in the new market, which has got off to a roaring start.It is not for the ...

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First Published: Mon, May 14 2018. 12:53 IST