While you were sleeping: China, oil sink stocks

Thu, 07 Jan 2016

By Margreet Dietz Jan. 8 (BusinessDesk) - Equities on both sides of the Atlantic fell as China struggled to contain the plunge of its stock market and as oil touched the lowest level in twelve years. China halted trading in its stock market for the second time this week, as equities plummeted by more than 7 percent in the first 29 minutes. As a result, China suspended a so-called circuit breaker, implemented only earlier this week to avoid panic selling. Billionaire George Soros is concerned. “China has a major adjustment problem,...

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