Chinese markets suspended after 7% fall

Share trading suspended for second day this week; fall has led to Asia sell-off

Hong Kong: Chinese markets were suspended Thursday for the second day this week after they fell more than seven per cent, leading an Asia-wide sell-off as Beijing weakened the value of the yuan currency by the most since August.
In a painful echo of the summer rout that wiped trillions of dollars off valuations, mainland investors sold up on fears about the world's number two economy, a key driver of global growth.
The losses mark one of the worst starts to a trading year for decades as nerves are shedded by a perfect storm of weak global growth - particularly in China - a slump in oil prices to more than 11-year lows and geopolitical tensions.

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Source: gulfnews.com