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 this
week.
The change took effect Friday with hopes of
calming volatility after early closure prompted
panic across global stock markets the day
before.
After falling over seven percent yesterday,
the CSI 300 Index of major Shanghai and Shenzhen
stocks added 2 percent on Friday.
In Korea, the local benchmark KOSPI tumbled
below the 19-hundred mark when the market
opened,... hitting the lowest point in four
months... but it regained some composure,
closing up zero-point-seven percent from the
previous session.
