Thursday, January 7, 2016

China stock markets halt completely after Yuan devaluation

It appears that the new Chinese circuit breakers came at just the right time as the Shanghai equity markets triggered a halt on Jan. 7, leading the Far Eastern power to close down the markets altogether after just 30 minutes of trading.  This is the second circuit breaker halt in three days for China, which implemented the market protection at the start of the new year.
What appears to have been the catalyst for this market collapse was a devaluation of the Yuan, which was dropped by the PBOC the most since last August.

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