China halted stock trading Thursday, its second day-long trading suspension this week, after prices plunged in the latest spasm of investor panic on its volatile markets.
Chinese markets have lurched up and down as regulators gradually withdraw emergency measures imposed after the main stock index plunged in June following an explosive rise.
A similar price plunge Monday triggered a sell-off on Wall Street and other global markets.
On Thursday, trading was suspended after a market index, the CSI 300, nose-dived 7% a half-hour after markets opened, triggering a “circuit breaker” that took effect Jan. 1.
Financial analysts have warned Chinese markets are likely to see extreme volatility for a few more months as they seek a stable level following last year’s rout.
Full article: China stocks plunge, triggering another market halt (Asia Times)