Monday, January 4, 2016

Markets in China Halted After 7% Plunge

Stocks in Chinese Markets plunged Monday, setting off a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the slowdown of the mainland's economy.

The Shanghai Composite tumbled 6.85 percent to 3296.66 and the Shenzhen Composite plunged 8.1 percent. The CSI 300 briefly plummeted 7.02 percent; when that index rises or falls 7 percent, a trading halt in China's markets is triggered for the rest of the session.

Hong Kong's Hang Seng index was also down 2.8 percent at 21,302.

Stocks in Australia, Japan, South Korea and India also fell.

Energy plays, however, saw gains after oil prices bounced during Asian trading hours.

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ChinaFotoPress | Getty Images

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