Monday, 4 January 2016

SEAL THREE BIRTH PAINS: China share trading halted after 7% plunge


Trading on China's stock markets has been suspended after the market dramatically plunged and triggered a new system meant to limit volatility.
The blue-chip CSI 300 Index dropped 7% while the benchmark Shanghai Composite index fell 6.9%.
The technology-heavy Shenzhen Composite was the worst performer and fell by more than 8%.
Trading had been halted earlier in the day for 15 minutes after the stock market fell by 5%.
But shares continued to fall, leading regulators to end trading early.
Under China's new circuit-breaker mechanism, moves of 7% from the previous session's close trigger a trading suspension for the day.
The measures were introduced in early December after the stock market's turbulentsell-off over the summer. They came into effect for the first time on Monday.



One factor behind the stock market falls was a manufacturing survey that pointed to more bad news for the Chinese economy.



No comments:

Post a Comment

MY Covenant with GOD. JESUS takes INHERITANCE, INDIA/PAKISTAN Mission, WILLIAM V CROWNED as KING. Antichrist.

  I made a covenant with God. When the Inheritance is passed to Jesus (Revelation 5) and the Antichrist William was still not ready t...