“China’s major stock exchanges tanked on the first trading day of the year, triggering a ‘circuit-breaker’ that suspended equities trade nationwide for the first time and putting at risk months of regulatory work to restore market stability. The collapse, which followed the release of weak economic data on Monday, raises fresh doubts about regulators’ capacity to wind back heavy trading restrictions implemented in the wake of a massive summer stock market crash in which major indexes lost as much as 40 percent before top leadership intervened. Analysts attributed the decline to the imminent end of a 6-month lockup period on share sales by major institutional investors.”
http://www.reuters.com/article/us-china-stocks-trading-halt-idUSKBN0UI0CU20160104
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