Friday, November 4, 2016

China Foreign Currency Shares Plunge in Sudden Afternoon Selloff and other top stories.

  • China Foreign Currency Shares Plunge in Sudden Afternoon Selloff

    China Foreign Currency Shares Plunge in Sudden Afternoon Selloff
    China’s foreign currency shares plunged the most since January in late trading, sending traders scrambling for reasons to explain the sudden volatility in a largely moribund market.The Shanghai B-share index of dollar-denominated stocks tumbled as much as 6.7 percent, with virtually all the losses coming in the last 90 minutes of trading, before closing down 6.2 percent. Kama Co. and Shanghai Lingyun Industries Development Co. were among companies falling by the 10 percent daily limit. A gauge ..
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