Trading on China’s stock market finished early on Monday after heavy losses triggered a new “circuit breaker” mechanism for the first time.
China’s blue-chip stock index, the CSI 300, suffered its worst day in four months in the year’s first trading day, falling 7 per cent on Monday.
In Shenzhen, where 1,783 stocks are listed, nearly 1,100 declined between 9.8 per cent and 10 per cent, the downward limit for individual stocks. Only 30 stocks gained (and yes, because this is China’s market, 17 stock hit the upward limit of 10 per cent).
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