News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 8 years ago
Rediff.com  » Business » Chinese stock markets closed after shares fall 7%

Chinese stock markets closed after shares fall 7%

January 07, 2016 09:41 IST
Get Rediff News in your Inbox:

A man looks at an electronic board showing stock information at a brokerage house in Beijing, China.

 

China stocks fell 7 per cent on Thursday after less than half an hour of trading, triggering a newly-introduced circuit breaker mechanism.

Shanghai and Shenzhen markets will remain closed for the rest of the day.

The CSI300 index fell 7.2 per cent, to 3,284.74 points, while the Shanghai Composite Index lost 7.3 per cent, to 3,115.89 points.

Selling pressure increased in line with a slide in the yuan, which fell to its lowest level since February 2011.

Image: A man looks at an electronic board showing stock information at a brokerage house in Beijing, China. Photograph: Kim Kyung-Hoon

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!