Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%

Sea of Red in Asia

There's another bloodbath in Asian equities his morning, the second in a week.

Asia Pacific

Chinese Markets Halted in 14 Minutes 17 Seconds

Chinese equities are down another 7.32% and the exchanges were halted in a record 14 minutes, 17 seconds.

The Wall Street Journal comments on China’s Shocking Stock Halt.

A plunge in China stocks on Thursday led to their second trading halt this week and the shortest trading day in the market’s 25-year history. The duration of trading that occurred in Chinese markets today: 14 minutes 17 seconds.

The Shanghai and Shenzhen stock markets were shuttered as “circuit breakers” installed Monday were triggered for the second time this week. The mechanism halts trading for 15 minutes if the CSI 300 index moves 5% and ends trading for the day if it moves 7%.

The Shanghai composite’s this week: -11.96%. With today’s performance, this week’s decline marks the worst start to a year in Chinese trading history. The Shanghai Composite is on track for its worst week since July.

With today’s performance, this week’s decline marks the worst start to a year in Chinese trading history. The Shanghai Composite is on track for its worst week since July.

$SSEC - Shanghai Composite

SSEC

When central banks blow bubbles that is what eventually happens.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.