English news >
필자의 다른기사 보기 인쇄하기 메일로 보내기 글자 크게 글자 작게
China's Stock Market Panic down 7.1% ... Trading has been fully halted
서울의소리   기사입력  2016/01/13 [00:06]


The Voice of Seoul

Posted on Thursday, January 07, 2016


Trading in Chinese stocks has been fully halted in just 20 minutes after the stock market was open.


Although China's circuit-breaker was implemented, Chinese stock price fell more than 7%. It is a mechanism that stops trading in stock markets for 15 minutes when stock price fluctuates violently.


According to report, Shanghai Stock Exchange Composite Index has been abruptly declined right after Shanghai Stock Exchange was open. It has been temporarily halted as stock price tumbled down over 4% than the previous close. Although it reopened in 15 minutes, it dropped more. Thus, trading has been totally suspended.


China's stock market falls were created by devaluation of the yuan, the country's currency, for the eighth day running by the People's Bank of China. They set the official midpoint rate on the yuan at 6.5646 against the US dollar, 0.51 percent weaker than the previous fix. If the exchange rate is higher, the value of the country's currency is lower.


It is the highest level since the last August devaluation. The value of the yuan inside and outside the country is devalued largely.


The exchange rate of the yuan outside the country is devalued to 6.7310 per dollar. As the exchange rate of the yuan inside the country is devalued to 6.5619, difference between the two is the largest level in the latest 5 years.


A slump in global oil prices has had a negative impact the falls in China's stock markets.


Global oil prices fell largely on the day.


The price of WTI(Western Texas Intermediate) as traded on the NYMEX(New York Mercantile Exchange) for delivery in February 2016 closed at $33.97 per barrel, 5.6% down, its lowest since February 2004.

트위터 트위터 페이스북 페이스북 Share on Google+ 구글+ 카카오톡 카카오톡 카카오스토리 스토리 밴드 밴드 네이버블로그 블로그
기사입력: 2016/01/13 [00:06]  최종편집: ⓒ 서울의소리
닉네임 패스워드 도배방지 숫자 입력
기사 내용과 관련이 없는 글, 욕설을 사용하는 등 타인의 명예를 훼손하는 글은 관리자에 의해 예고 없이 임의 삭제될 수 있으므로 주의하시기 바랍니다.

  마로니에방송 첫 페이지

주간 베스트