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Wednesday, January 6, 2016

Chinese stock markets closed after shares fall 7% Thursday January 07,2016

China stock markets closed for the day less than half an hour after opening on Thursday January 07,2016 when shares fell more than seven percent, triggering an automatic "circuit breaker", after authorities lowered the yuan's value by the most since August 2014

By 9.58am, when trading was halted, the benchmark Shanghai Composite Index had slumped 7.32 percent, or 245.95 points, to 3,115.89.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, had tumbled 8.35 percent, or 178.08 points, to 1,955.88

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