China Stocks Fluctuate as Regulator Seeks to Reassure Investors
- CSRC says it's open to tweaking circuit breakers after plunge
- Government funds said to buy shares to prop up market
2016: China’s Year of Many Uncertainties
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China’s stocks rose in volatile trade as state-backed funds were said to intervene after a plunge on Monday wiped out $590 billion of market value.
The CSI 300 Index advanced 0.3 percent at the close after swinging between a gain of 1.4 percent and a loss of 2.7 percent. Trading was halted on Monday after the gauge plunged 7 percent, triggering new market circuit breakers that some analysts said exacerbated the sell-off.