China stocks slump again, more companies halt trading; Hong Kong also hit

[Yahoo! News]

View attachment 24121​

SHANGHAI (Reuters) - China stocks tumbled to four-month lows on Wednesday morning as investors dumped both small and big caps, defying government attempts to stabilize the market, while nearly half of Chinese listed companies have halted trading to insulate themselves from the meltdown. The panic in mainland markets is rippling across the border, knocking the Hong Kong market down more than 4 percent. Overseas-listed Chinese companies also slumped. The Shanghai Composite Index opened 7 percent lower, but erased some of the losses by midday, down 3.9 percent. ...

Continue reading...