(task) China Halts Trading After 7 Percent Plunge

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economy

> http://www.huffingtonpost.com/entry/china-shanghai-index-plunge_568a0b9ce4b06fa68882b830 <http://www.huffingtonpost.com/entry/china-shanghai-index-plunge_568a0b9ce4b06fa68882b830>
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> China Halts Trading After 7 Percent Plunge
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> SEOUL, South Korea (AP) — China's Shanghai index has plunged nearly 7 percent.
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> The Shanghai Composite Index dived 6.9 percent to 3,296.66 on Monday, the first trading day of 2016.
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> The index was at the lowest level in nearly three months.
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> The official Xinhua News Agency said China halted trading on the Shanghai and Shenzhen stock markets after shares tumbled.
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> Poor Chinese manufacturing data and escalating tensions in the Middle East weighed on Asian markets. Oil prices rose.
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> Japan's Nikkei 225 tumbled more than 3 percent while Hong Kong's Hang Seng retreated about 3 percent.