China Markets tumbled spotting a trading halt for remaining sessions plunges world markets

China Markets Tumbled on Monday,spotting a trading halt for remaining sessions after their shares plunged which feeble Asian Markets with Sensex falling over 500 points and Nifty slumped over 150 points at a days low.

Markets Crash

The Shanghai Composite markets sank over 7 Percent which leads to sell off across Asian region which is the first trading fall in 2016.The Shanghai and Shenzhen markets was suspended for the rest of the day.If the Index raises or falls over 7% china markets will be rested for remaining sessions.Hang sang's index was also down by 2.48 % and the stocks in India,Australia Japan and South Africa also fell.

China has banned some of their shareholders with more than 5% in the company as a part of routing trillions of market capitalization's. India Rupee weakened to 66.46/dollar today compared to earlier close on Friday.However there are some gains after oil prices bounced during Asian trading hours.

China also cut the value of its currency yaun against dollar on Monday as for the first time after 4 and half years it is weaker than 6.5 that pressurizes the world number two economy struggling with slowest growth rate in decades.