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China Stock Trading Halted After New Year Big Plunge

Stock prices in China and other Asia markets plunged on the first trading day of the year, triggering significant falls in prices on European bourses. After a key index of 300 Chinese stocks dropped five percent in the early afternoon, trading was automatically halted for 15 minutes – utilizing a recently introduced “circuit breaker” mechanism. That appeared to further panic many mainland Chinese retail traders who suddenly found themselves unable to sell, according to several...

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