This is the first time that a new “circuit breaker” system – created to curb volatility in Chinese stock markets – has been triggered, and trading ended 90 minutes earlier than the usual close.
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Ranieri gives Leicester players NYE pass
Algeria winger Mahrez led Leicester’s response with a brilliant bicycle kick that flashed just over from Marc Albrighton’s cross. Ranieri brushed off concerns star duo Jamie Vardy and Riyad Mahrez are running on empty after successive blanks.
The FTSE 100 Index slumped 109.5 points to 6133.1, or 1.9%, after Chinese stock markets were automatically suspended after falls of at least 7% following weak manufacturing data from the world’s second largest economy.
Triple-A predicts gas prices to stay low in 2016
Chattanooga gas prices average 7.4 cents per gallon less than a month ago and are 30 cents per gallon less than the start of 2015. The auto club estimates Americans saved more than 5 billion dollars on gasoline in 2015 compared to the previous year.
Investors fear a glut of equity supply could swamp Chinese markets this year, with a six-month share sales ban imposed on listed companies’ major shareholders due to expire on January 8.
Manning leads Broncos past Chargers 27-20
If that is to be the case his team could not sign off his tenure with a win as the Eagles edged it 35-30 at MetLife Stadium. Yet now comes the really hard part, the one where the Broncos have to deal with the pressure of performing as a No. 1 seed.
The Shanghai Composite Index sank 6.9 percent while the CSI 300 Index plunged 7 percent, triggering the trading halt as new rules came into effect. Shanghai’s stock index plunged almost 7 percent on Monday, sparking a halt in trading of… The first trading day of 2016 is off to rocky as some of the same worries that hurt stocks last year – namely slowing growth and wildly volatile markets in China and geopolitical angst in the Middle East – have reappeared at the start of the new year, prompting a global stock selloff.
The fundamentals of China’s stock market have been improving and investors could have a good year in 2016, he added.
The Shenzhen Composite had its worst day since early 2007, closing down 8.2 percent. In the US, the Dow Jones Industrial average fell more than 2 percent shortly after the opening bell.
Thin trading volumes, along with concern that large shareholders may rush to liquidate holdings when a ban on selling is scheduled to end later in the week, were also cited as possible catalysts that amplified the selling pressure. Therefore, shares in carmaker Toyota, for example, Toyota dropped 2 percent and electronics giant Sony fell 1.49 percent.
China’s market benchmark soared 150 percent between November 2014 and early June 2015, as cheerleading in the state press encouraged inexperienced investors into the market.
In other trading, some of the biggest decliners in the US were companies that sharply outpaced the market a year ago.
Australia’s S&P/ASX 200 index closed down 0.5% to 5,270.50, while South Korea’s Kospi index finished lower by 2.2% to 1,918.76 points. And Hong Kong’s Hang Seng index fell 2.7%.
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The Caixin/Markit manufacturing purchasing managers’ index (PMI) slipped to 48.2 in December, marking the 10th consecutive month of shrinking factory activity in China.
