China's stocks got frozen before they were obliterated today
|01/04/2016||Posted by BusinessMediaguide.Com under General World News||
Chinese stocks marked the start of the new year by getting frozen before they got absolutely obliterated due to the sharp fall in the wake of a disappointing manufacturing PMI report for December and further weakening in the Chinese yuan.
After 45 minutes of trade, the benchmark Shanghai Composite index was down 3.38%, and was down more than 4% earlier in the session. However, by the close of the trading session, China’s blue-chip stock index — the CSI 300 — fell by 7%. That’s the worst trading day in four months.
Overall, Shanghai fell by 6.86% by market read more >>>
Source : BusinessInsider.Com