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Forbes reported that China’s stock market was halted for the second time this week following a seven percent drop. A fall of seven percent triggers a circuit breaker mechanism that shuts down trading for the day.
Forbes reported that China’s stock market was halted for the second time this week following a seven percent drop. A fall of seven percent triggers a circuit breaker mechanism that shuts down trading for the day.
As quoted in the publication:
Trading was halted for the second time this week. The first day of the year saw Shanghai shares fall over 7%, triggering a circuit breaker mechanism which went into effect this year. Chinese mainland equities are now down over 13% in four days.
It’s run for your life time in China. American investors holding the Deutsche A-Shares (ASHR) exchange traded fund and the iShares FTSE China (FXI) will wake up to a pre-market in the red.