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Main » 2016 » January » 4 » China stopped trading on the stock exchange after the fall of 7%
China stopped trading on the stock exchange after the fall of 7%

On Monday, the Chinese authorities decided to suspend the stock trading before the end of the trading session - disappointing manufacturing data raised concerns of investors and a sharp fall in the shares.



The main index of China's Shanghai Composite fell 6.9%, Shenzhen Composite Index lost more than 8%.China for the first time resorted to the suspension of trading on the major stock exchanges.

The sharp fall in the value of shares - the reaction of investors to the data on production, which markets interpreted as another signal of slowing Chinese economy.

According to Caixin, last month the index of business activity in the manufacturing sector in China fell from 48.6 to 48.2 (read more). Any value below 50 points is a slowdown in the manufacturing sector.

Recall that in December, regulators announced the possibility of an emergency stop trading in order to avoid a repetition of the stock market crash of the country last summer, which caused high volatility in world markets.

The procedure stops when trading breakouts is already widely used in the major markets in the US and other countries, and is designed to give investors time to calm down.

Since Monday, the rise or fall in the CSI 300 Index 5%, which tracks stocks in Shanghai and Shenzhen, accompanied by a 15-minute break in trading. Fall or increase of 7% in any period of time, or 5% for 15 minutes before the market close, stop trading until the end of the trading session.


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