Hundreds of Chinese companies have halted trading in their shares as Beijing struggles to insulate the economy from the country’s steepest equity decline in more than two decades.
Another 173 groups listed in Shanghai and Shenzhen announced trading suspensions after the market closed last night, bringing the total to about 940, or more than a third of all listed companies on the two exchanges.
In a further sign of unease about the Chinese market, commodities were hit hard, led by copper. The price of copper futures on the London Metal Exchange dropped to its lowest level since 2009, falling 8.4 per cent in two days.
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