China heaps fresh turmoil as global stocks crumble

By John Loh, Jonathan Breen
07 Jan 2016

China tested the limits of reform in its stock market this week with disastrous consequences. Equity markets fell globally after China heaved yet more volatility on investors, and mainland stocks saw their worst ever start to the year. The turmoil caught equity capital market bankers off guard, but panic has not set in yet, writes John Loh.

The A-share market had spiralled out of control on Thursday as GlobalCapital Asia went to press, and Asia saw a fourth straight day of losses, just four trading days into 2016. A lot of the volatility was fanned by renewed fears of China’s economic slowdown and the continued ...

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