China's 7% plunge sends stocks reeling - again
Turnover was a heavy 1.3 billion units worth S$1.6 billion; Noble Group was the day's most actively traded stock
Add BT as a preferred sourceTHE selling which has marked 2016 thus far continued for a fourth consecutive session on Thursday after China's stock market crashed by 7 per cent, triggering circuit breakers that eventually led to trading being suspended after only 30 minutes of trading at the market's opening.
Here, the Straits Times Index (STI) opened in the red and headed south throughout, finishing with a 74.36-point or 2.7 per cent loss at 2,729.91, bringing its four-day loss to 153 points or 5.3 per cent for 2016. It was the lowest close in about 31/2 years.
Meanwhile, the Dow futures plunged 250 points during Asian trading, indicating Wall Street would be in for a rough Thursday.
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