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China's stocks got frozen before they were obliterated today

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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