China Halts Stock Trading After 7% Rout Triggers Circuit Breaker

China halted trading on the Shanghai and Shenzhen stock markets after shares tumbled.

Published
Business
1 min read
The Shanghai Composite index was at the lowest level in nearly three months. (Photo: Reuters)

China’s Shanghai index has plunged nearly 7 percent.

The Shanghai Composite Index dived 6.9 percent to 3,296.66 on Monday, the first trading day of 2016.

The index was at the lowest level in nearly three months.

The official Xinhua News Agency said China halted trading on the Shanghai and Shenzhen stock markets after shares tumbled.

Poor Chinese manufacturing data and escalating tensions in West Asia weighed on Asian markets. Oil prices rose.

Japan’s Nikkei 225 tumbled more than 3 percent while Hong Kong’s Hang Seng retreated about 3 percent.

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