China halts trading for day after 7% shares plunge triggers 'circuit breaker'

Discussion in 'Market News' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Fall in CSI300 share index sparks mechanism suspending stock markets, a measure that became effective for the first time on Monday

    China’s benchmark CSI300 share index tumbled 7% on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day.

    The “circuit breaker” suspension mechanism first came into effect on Monday. Stocks slumped after weak factory activity surveys soured hopes that the world’s second-largest economy would enter the new year on better footing, and selling intensified throughout the day.

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