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China CSI300 index dives 7% before 'circuit breaker' stops trade

New market mechanism spooks foreign investors, raising fresh doubts about regulators' efficiency

Shanghai

CHINA'S major stock exchanges tanked on the first trading day of the year, triggering a "circuit-breaker" that suspended equities trade nationwide for the first time and put months of regulatory work to restore market stability at risk.

The sell-off saw the CSI300 index of

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