Chinese stocks nosedived Thursday, tumbling more than 7 percent in the first half-hour of trading, causing Beijing’s securities regulator to step in and suspend trading for the day.

It was the second time this week that “circuit breakers” were used to suspend trading. The benchmark Shanghai Composite Index tumbled 7.3 percent to 3,115.89 Thursday, while the smaller Shenzhen Composite Index slumped 8.3 percent to 1,955.88.

The circuit breaker was employed by Chinese officials after last summer’s volatile exchanges and sell-offs.

“The use of the circuit breaker is the main reason for the falls as investors panicked after seeing it being triggered on Monday,” read more >>>

Source : VOANews.Com