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.
China Halts Trading for Second Day This Week Amid Market Fears
HeadlineJan 07, 2016