China stock trading suspended again as shares plunge
- 8 years ago
Trading on China’s stock markets was suspended for the day on Thursday, for the second time this week,
as shares, again, nosedived more than 7 percent.
Things ground to a halt less than half an hour after the open when a new circuit breaker mechanism aimed at calming market volatility was automatically triggered by the plunging prices.
The broader impact was immediate as regional currencies went into a tailspin.
And Hong Kong’s main stock indexes touched their lowest level since mid-2013, as panic from China’s free-fall spread.
The tumble in China comes after the central bank accelerated the devaluation of the yuan currency, raising fears that the world’s second largest economy is in deepening trouble – fears heightened by recent, disappointing manufacturing data.
China lets yuan fall faster, share trading suspended as prices tumble https://t.co/npZMk6dgs0 pic.twitter.com/zZweJG9bat— Reuters Top News (@Reuters) 7 Janvier 2016
A sustained depreciation in the yuan puts pr
as shares, again, nosedived more than 7 percent.
Things ground to a halt less than half an hour after the open when a new circuit breaker mechanism aimed at calming market volatility was automatically triggered by the plunging prices.
The broader impact was immediate as regional currencies went into a tailspin.
And Hong Kong’s main stock indexes touched their lowest level since mid-2013, as panic from China’s free-fall spread.
The tumble in China comes after the central bank accelerated the devaluation of the yuan currency, raising fears that the world’s second largest economy is in deepening trouble – fears heightened by recent, disappointing manufacturing data.
China lets yuan fall faster, share trading suspended as prices tumble https://t.co/npZMk6dgs0 pic.twitter.com/zZweJG9bat— Reuters Top News (@Reuters) 7 Janvier 2016
A sustained depreciation in the yuan puts pr