Trading on Chinese exchanges halted due to the fall in key indices

Trading on Chinese exchanges halted due to the fall in key indices


The index of Shanghai stock exchange Shanghai Composite Index fell by 7.3 per cent to 3115, 89 points, Shenzhen Shenzhen Composite Index fell by 6.77 per cent to 1989,58 item.

BEIJING, 7 Jan. Zhanna Manukyan. Trading on Chinese stock exchanges in the morning on Thursday have been suspended until the end of the trading day after the key index tumbled 7%.

The index of Shanghai stock exchange Shanghai Composite Index fell by 7.3% and amounted to 3,115, 89 points, Shenzhen Shenzhen Composite Index fell by 6.77% to 1989,58 item.

China January 1, launched the mechanism of automatic suspension of trading on the major stock exchanges of the country with a sudden change of quotations of securities. The mechanism operates on the Shanghai and Shenzhen stock exchanges and financial futures exchange China (China Financial Futures Exchange, CFFEX). The mechanism is triggered the sudden change in securities prices 5%, stop trading will continue for 15 minutes. If the quotes then change to 5% after 14.45 local time, or if the index rises or falls by 7%, the auction ends before the closing of the exchanges.