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China Halts Trading for Second Day This Week Amid Market Fears

HeadlineJan 07, 2016

In China, trading was halted for the day for the second time this week after stocks plunged 7 percent in less than half an hour. It was China’s shortest trading day in 25 years. This comes as oil prices plunged to the lowest levels in more than a decade. A new report by the World Bank warns that the global economy risks facing a “perfect storm” in 2016, renewing fears about a new global financial crisis.

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