China’s entire equity market has been shut early – again – after the second threshold of its new “circuit breaker” was breached within the first 30 minutes of trading.
The CSI 300, a collection of blue chips in Shanghai and Shenzhen, triggers the circuit breaker if it falls 5 per cent, forcing a 15-minute market freeze. Upon resumption the losses continued, hitting 7 per cent and causing the entire market to be shut for the day.
The CSI 300 finished the session with a loss of 7.2 per cent.
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