1. Trading halted in China for rest of the day as shares slump 7 per cent

Trading halted in China for rest of the day as shares slump 7 per cent

China stocks slumped after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing, and selling intensified throughout the day.

By: | Shanghai | Updated: January 4, 2016 11:38 AM
china stock market

China stocks slumped after weak factory activity surveys soured hopes that the world’s second-largest economy will enter the new year on better footing, and selling intensified throughout the day.(Reuters photo)

China’s benchmark CSI300 share index tumbled 7 percent 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 will enter the new year on better footing, and selling intensified throughout the day.

Investors also dumped stocks ahead of the imminent expiration of a share sales ban on listed companies’ major shareholders, which had been imposed during the market crash last summer.

  1. A
    Ashish
    Jan 4, 2016 at 4:39 am
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