China Stocks Gain in Volatile Trade as Circuit Breaker Scrapped

January 8, 2016 2:27 AM

31 0

Chinese stocks gained in volatile trading after the government suspended a controversial circuit breaker system and the central bank moved to stabilize the yuan with its reference rate.

The Shanghai Composite Index rose 2.2 percent at 10:22 a.m. local time after falling as much as 2.2 percent. Regulators announced the circuit breakers would be suspended after plunges this week closed trading early on Monday and Thursday. The central bank set the currency’s reference rate little cha...

Also read: Mnuchin Says Tariffs on Hold While U.S. Negotiates Trade Deal with China

Read more

To category page