China Suspends Market Circuit Breakers: Reports

China Securities Regulatory Commission on Thursday suspended its circuit breaker system, just four days after it was introduced, according to media reports. The system has already led to two trading halts in Chinese stock markets this week and has been criticized for exacerbating volatility rather than fixing it. On Thursday, Chinese equity indexes were halted after just 30 minutes of trade, sending shivers through financial markets globally. U.S. stocks opened with losses of more than 2%, while the Europe Stoxx 600 index was off 2.3%.