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China suspends stock circuit break rule - CSRC

From technical-analysis.forexlive.com

This was rumoured Bloomberg headline, citing Chinese securities regulators on Weibo (which is Chinese twitter). This is the rule that pauses markets after a 5% decline and closes them after a 7% decline. The market closed after just 14 minutes today. China is looking increasingly reactionary and the markets don't like to see someone making it up as they go along. (full story)

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  • Category: High Impact Breaking News