China Stock Market Closes After Week’s Second Crash

China’s stock market suspended trading on Thursday after the benchmark Shanghai Composite Index fell below 7% early in the session. That triggered for the second time this week a “circuit breaker” provision that eventually shuttered all trading for the day after only about 15 minutes.

Related

China Stock Markets Suspended After Shares Crash On First Trading Day Of 2016

That was bad news for media-centric stocks, which already were feeling the burn from similar halts Monday: Wanda Cinema Line Corp closed Thursday down 9.0%, and is now down 19.6% since New Year’s Day. Huayi Brothers Media Corp. and Beijing Enlight Media both fell 10.0%.
Thursday’s circuit-breaker was triggered after a similar drop Monday on the first day of 2016 trading. Then, Shanghai and Shenzhen exchanges plunged 5%, triggering the first breaker and an initial 15-minute halt. Like today, the index fell below the second 7% trigger, and trading closed 90 minutes early to prevent further losses.