(Bloomberg) — Chinese stocks plummeted by the most since an equity bubble burst in 2015 as they resumed trading to the worsening virus outbreak.The CSI 300 Index dropped 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s benchmark iron ore contract fell by its daily limit of 8%, while copper, crude and palm oil also sank by the maximum allowed. The People’s Bank of China set the yuan fixing at 6.9249 per dollar, stronger than the average estimate of traders surveyed by Bloomberg.Regulators have in the past days unleashed targeted measures to help blunt the …read more
Source:: Yahoo Finance
