China's securities regulator announced it
would suspend its stock market circuit breaker
mechanism... after it invoked an automatic
shutdown on Thursday for the second time in
just three days.
The change takes effect today with hopes of
calming volatility after yesterday's early
closure prompted panic across global stock
markets.
The Shanghai composite index opened at 3-thousand-1-hundred-ninety-4-point-6-3
on Friday, two-point-two percent up from the
day before.
And the Shenzhen index also opened up at two-point-three-one
percent.
In Korea, however, the local benchmark KOSPI
tumbled below the 19-hundred line when market
opened,... hitting the lowest point in four
months... but as of eleven fifty, it stood
at 1-thousand-9-hundred-and-2-point-9.
