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Almost half of China's firms halt trading as market dives
http://www.france24.com/en/20150708-almost-half-chinese-firms-suspend-trading-market-dives
A Chinese investor reacts to news from the market in Fuyang in Anhui province
Almost half of China's firms halt trading as market dives
Latest update : 2015-07-08
Hundreds more Chinese companies halted trading Wednesday as stocks continued a slide that has seen the country's main market index decline by nearly 30 percent since mid-June. Almost half of China's listed companies have now suspended trading.
The country’s securities regulator on Wednesday warned that investors were in the grip of “panic sentiment” after China's main market index declined by nearly 30 percent since mid-June highs, wiping out nearly $3 trillion in market capitalisation.
More than 500 more China-listed firms announced trading suspensions on Wednesday, bringing the total number of firms who have halted trading to around 1,300 ̶ 45 percent of the market ̶ as companies sought to sit out a slide that has seen the price of some stocks plummet by more than 50 percent since last month.
Dozens with shares traded in Hong Kong also have requested suspensions.