China markets plunge as government measures fail

[WorldNews]

View attachment 24146​

China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of "panic" selling after fresh government moves failed to arrest a rout that has now infected regional markets. The Shenzhen Composite Index, which tracks China's second exchange, dropped 2.50 percent, or 48.38 points, to 1,884.45. "There’s really panic out there," Tony Chu, a Hong Kong-based money manager at RS Investment Management Co., told Bloomberg News.

Continue reading...