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Another Chinese equities halt derails global stocks

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Day So Far Equities globally reeling from a total collapse in Chinese equities, which were halted for the entire day just 30 minutes into the session after the new ‘improved’ circuit breakers were employed when the markets reached 7% down. This is the second time these circuit breakers have been reached in 2016 and we are only four trading days into the new year! The catalyst for the move lower this time was the decision by the PCOB to fix the yuan to its weakest level in five years

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