Seven Percent Crash Causes Emergency Shutdown of Stock Markets in China for the 2nd Time in 4 Days
by Michael Snyder
The Economic Collapse Blog
Did you see what just happened in China? For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China. On both Monday and Thursday, trading was suspended for 15 minutes when the CSI 300 fell 5 percent, and on both days the total decline very rapidly escalated to 7 percent once trading was reopened. Once a 7 percent drop happens, trading is automatically suspended for the rest of the day. I guess that is one way to keep the stock market from crashing – you just don’t let anyone trade. And of course the panic in China is causing other markets to go haywire as well. As I write this, the Nikkei is down 324 points and Hong Kong is down 572 points.
The amazing thing is that trading was only open in China for about 15 total minutes tonight. Here is how CNBC described what just happened…
Continue Reading at TheEconomicCollapseBlog.com…
Source: http://financialsurvivalnetwork.com/2016/01/seven-percent-crash-causes-emergency-shutdown-of-stock-markets-in-china-for-the-2nd-time-in-4-days/?utm_source=rss&utm_medium=rss&utm_campaign=seven-percent-crash-causes-emergency-shutdown-of-stock-mark
