China New Circuit Breakers

Comment: China new circuit breakers system

First, the new system-wide circuit breakers take effect when there is a 5 percent decline in the market (the benchmark CSI 300), which creates a 15-minute halt. If the market drops 7 percent, the market closes for the day. Hong Kong has no circuit breaker.

After hitting the limit of 5 percent and reopening after 15 minutes, it took roughly two minutes to hit down 7 percent, which triggered the final halt and closed the market.

Read more: http://www.cnbc.com/2016/01/04/chinas-new-circuit-breaker-may-have-worsened-drop.html

Advertisements

Come, leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s