Chinese businessman staring at stock market screen as China stock trading halts after steep drop

China Stock Trading Halted after Steep Drop

Asian markets tumbled Monday on the first day of trading in 2016, with declines so steep in mainland China that authorities halted trading there for the rest of the day. Analysts cited a number of reasons for the selling, including China’s disappointing manufacturing data, reported earlier Monday, and the coming removal of a ban on…

Descending grey bar chart against backdrop of global map

OECD Lowers Global Economic Forecast

The outlook for the global economy has weakened slightly and become less certain in recent months as ripples from China outweigh an improvement in the U.S., the Organization for Economic Cooperation and Development said Wednesday. In the latest update to its economic forecasts, the Paris-based research body zeroed in on the slowdown in China as…

White arrow indicating China stocks crash and Chinese flag in background

China Stocks Crash Again but Global Markets Recover

China stocks closed sharply lower Tuesday but the damage was largely contained with most major world markets staging a recovery from Monday’s selloff. The benchmark Shanghai Composite declined 7.6%, while the smaller Shenzhen Composite shed 7.2%. The Shanghai index has now crashed 42% from its June 12 peak. After Chinese markets closed, Beijing launched new…

Electronic stock market pricing board, with Chinese characters

China Bans Stock Sales by Major Shareholders for Six Months

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard…