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Sell-off in Asian markets sends STI to its lowest since mid-2012

Yuan turmoil triggers China circuit breakers again as stocks crash, prompting regulator to suspend market braking mechanism

Published Thu, Jan 7, 2016 · 09:50 PM
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Singapore

WAVES of selling engulfed Asian stock markets on Thursday following a 7-per-cent collapse in China stocks, which triggered the circuit breakers for the second time in four days before trading was halted for the rest of the day.

By late Thursday, however, Beijing announced that it would from Friday suspend the circuit-breaker mechanism implemented on Jan 1.

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