Arab Today, arab today china to halt stock trading for volatility from january
Last Updated : GMT 20:45:53
Arab Today, arab today
Arab Today, arab today

China to halt stock trading for volatility from January

Arab Today, arab today

Arab Today, arab today China to halt stock trading for volatility from January

The Shanghai and Shenzhen markets will halt trading for 15 minutes
Shanghai - Arab Today

China will temporarily halt stock trading if the market moves five percent or more under a new system to take effect on January 1, the country’s two exchanges said Friday, as authorities seek to curb volatility.

Plans for the mechanism -- dubbed a "circuit breaker" -- were first publicly revealed in September in the wake of a rout that wiped trillions of dollars off China's markets.

The Shanghai and Shenzhen markets will halt trading for 15 minutes if the CSI 300 index of 300 major listed companies rises or falls five percent, the exchanges said in separate statements.

The rule cuts in half the originally proposed 30 minutes previously given in a draft plan that was open for public comment.

If the index -- which includes companies such as banking giant ICBC and energy majors PetroChina and Sinopec -- gains or loses seven percent, trading will be suspended for the rest of the day to avoid "extreme systemic risks", the Shanghai exchange said.

The market regulator said the move aimed to maintain order.

"It will help stabilise the market, maintain market order, protect investors' interests and promote the long-term and healthy development of the capital market," the China Securities Regulatory Commission said in a statement.

The Shanghai index surged 150 percent over 12 months to mid-June before collapsing nearly 30 percent in just three weeks, prompting officials to launch an extraordinary rescue package that included funding a state-backed company to buy stocks on behalf of the government.

"The introduction of a 'circuit breaker' can reduce extreme sentiment and make the market more rational by giving investors time to calm down," Chen Jiahe, an analyst at Cinda Securities, told AFP.

China's current rules already halt trading of individual shares if they move up or down 10 percent.

The Shanghai market closed down 1.67 percent on Friday but has risen over 20 percent from its recent low in August.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to halt stock trading for volatility from january Arab Today, arab today china to halt stock trading for volatility from january

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to halt stock trading for volatility from january Arab Today, arab today china to halt stock trading for volatility from january

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday