China Has Shut Down Its Stock Exchanges (Again)

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Jan 7th 2016, 05:00

A logo of yuan is seen at a foreign exchange store in Shanghai, China, December 1, 2015. REUTERS/ALY SONG

Bloomberg: China Halts Stock Trading After 7% Rout Triggers Circuit Breaker

Chinese stock exchanges closed early for the second time this week after the CSI 300 Index plunged more than 7 percent.

Trading of shares and index futures was halted by automatic circuit breakers from about 9:59 a.m. local time. Stocks fell after China's central bank weakened the currency's daily reference rate by the most since August.

"The yuan's depreciation has exceeded investors' expectations," said Wang Zheng, Shanghai-based chief investment officer at Jingxi Investment Management Co. "Investors are getting spooked by the declines, which will spur capital outflows."

WNU Editor: China's currency has also taken a hit .... China guides yuan sharply lower, jolts markets, offshore currency plunges (CNBC). If China's stock market collapse starts to impact other exchanges .... including Western Europe and the U.S. .... the implications are going to be profound. Europe's debt problems are already serious .... one can only imagine what a stock market rout would look like. And as for the U.S. .... in a Presidential election year .... any economic crisis would only benefit Trump. In fact .... I am willing to make the prediction that if the U.S. stock markets suffer serious losses this year .... it will all but guarantee a Trump Presidential election in November 2016.

More News On China Shutting Down Its Stock Exchanges

China stocks trading halted after rout -- Reuters
China share trading halted after market plunges 7% in opening minutes -- The Guardian
China Trading Halts for the Day, Asian Markets Slide -- WSJ
China shares suspended after CSI 300 plunges more than 7% -- CNBC
China's renminbi sinks lower amid concerns on economy -- Financial Times
China's meltdown a tale of policy mis-steps -- Tom Mitchell, Financial Times

Update: I concur .... Spot The Most Manipulated Market In The World (Zero Hedge).

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China Has Shut Down Its Stock Exchanges (Again)

NOW THE NEWS IN FULL.....

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

Message from The Editor: Hello peeps! . We do hope that you will come back for more . This is only the beginning!!

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