China’s Stock Markets Plunge After Holidays; 3,000 Shares Hitting Lowest Limit

Despite measures to contain sell-off, Chinese stock markets have dropped sharply amid coronavirus concerns.

RIO DE JANEIRO, BRAZIL - The turn of the New Year saw a sharp drop for Chinese stock markets, which had been closed since January 24th and had their return deferred to this Monday, February 3rd, amid growing concerns about the coronavirus.

The Shanghai Composite Index fell 7.72 percent today, closing the trading day at 2,746.61 points and the highest daily drop since 2015, while the less comprehensive Shenzhen Composite suffered an even greater drop, from 8.41 percent, to 1,609.00 points. The iron ore traded on the Dalian exchange also plummeted, 7.97 percent, to . . .

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