Chinese shares began 2016 with a sudden plunge, resulting in the first use of market measures designed to curb last year’s volatility. The CSI 300 index dropped 7% on 4 January, marking its worst trading day in nine years, as a result of weak manufacturing data and falls in the Yuan. Meanwhile, the Shanghai Composite Index fell 6.9%, while the Shenzhen Index dropped 8.2%.
[Source: citywireglobal.com - Chris Sloley - January 4, 2016]
