China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
- Weak manufacturing data, end to share-sale ban sparked rout
- Stocks in Hong Kong extend retreat after mainland halt
China Stock Selloff Tests New Market Circuit Breakers
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The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to the test on their first day.
Trading was halted at about 1:34 p.m. local time on Monday after the CSI 300 Index dropped 7 percent. An earlier 15-minute suspension at the 5 percent level failed to stop the retreat, with shares extending losses as soon as the market re-opened. Traders said the halts took effect as anticipated without any major technical problems.