China Suspends Stock Circuit Breaker Days After Introduction
- Authorities met to discuss market conditions, circuit breakers
- Mainland stock trading halted after CSI 300 tumbles 7%
Why China Halted Stock Circuit Breaker
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China’s securities regulator held an unscheduled meeting on the nation’s tumbling stock market without coming to a decision on policy action, according to a person familiar with the discussions.
The China Securities Regulatory Commission held an internal meeting to assess market conditions and the nation’s new circuit breakers after a selloff forced local exchanges to shut for the second day this week, the person said, declining to be named because he wasn’t authorized to speak publicly. The CSRC didn’t immediately respond to requests for comment.