Source Pravda.Ru

Trading at Shanghai Stock Exchange suspended amid panic

On January 4, the trading on the Shanghai Stock Exchange was suspended after the country's key stock index, Shanghai Composite, dropped by seven percent. 

According to the BBC, the trading was at first halted for 15 minutes after the market fell by five percent. 

However, the stocks on the Shanghai Stock Exchange continued falling afterwards, and the trading was eventually suspended. According to RBC, the market had declined by 6.9 percent at the moment when the trading was stopped. Shanghai Composite dropped to 3296.66.

The business activity index fell to 48.2 in December having thus showed the decrease of activity in the manufacturing sector of the Chinese economy for the tenth consecutive month.

Japan's Nikkei 225 also fell by 3.1% to 18441.24, which is associated with the strengthening of the Japanese yen.

According to Goldman Sachs, foreign investors will be actively investing in Chinese securities to reach the growth of about 17 billion dollars a year.

Pravda.Ru 

Read article on the Russian version of Pravda.Ru

Comments
Russia unveils the date for the launch of the superbridge to Crimea
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russian servicemen return home from Syria as victors
Russian athletes announce their decision about 2018 Winter Olympic Games
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence
European Court of Human Rights: Promoting filth and insolence
Russia to install laser navigation system on the Moon
Projects of Nizhny Novgorod automotive industry receive financial support worth 1 billion rubles
Russian general says allegations of his involvement in MH17 crash are stupid
Russian general says allegations of his involvement in MH17 crash are stupid
Italy: Free fall
Human Rights Day: Let us hang our heads in shame
Italy: Free fall
Italy: Free fall
Russia to install laser navigation system on the Moon