Thursday, January 7, 2016

Global Stocks Plunge: Made in China!

From the Wall Street Journal online:

Steep falls in Chinese equities pummeled global markets on Thursday, as widening concerns over the world’s No. 2 economy pushed investors out of shares, oil and metals.

The selloff came after the People’s Bank of China made its largest downward adjustment to the yuan since August, a move that sent the country’s stock market down over 7% amid concerns about capital flight from the Asian giant...

China’s stock markets stopped trading after only 30 minutes, ending the shortest trading day in their history after a newly installed mechanism to limit volatility was triggered for the second time this week...
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Link: http://www.wsj.com/articles/global-stocks-fall-on-china-volatility-1452156855

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