China Halts Stock Trading For Day After Entire Market Crashes

Tyler Durden's picture


Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst 'first day of the year' in at least 15 years, Chinese stocks collapsed further to a 7% crash. At 1334 local time, stock trading was halted for the rest of the day across all exchanges (at least two hours early).

As Bloomberg reports,

Chinese stock trading was halted for the rest of the day after the CSI 300 Index plunged more than 7 percent.


Trading of shares and index futures was halted from about 1:34 p.m. local time, according to data compiled by Bloomberg.


Stocks fell as manufacturing contracted for a fifth straight month and investors anticipated the end of a ban on share sales by major stakeholders.


Under the mechanism which only became effective Monday, a move of 5 percent in the CSI 300 triggers a 15-minute halt for stocks, options and index futures, while a move of 7 percent close the market for the rest of the day. The CSI 300 of companies listed in Shanghai and Shenzhen fell as much as 7.02 percent before trading was suspended.

Not a happy new year...


Dow futures are now down over 150 points from NYE close, Gold and Treasuries are bid, and offshore Yuan has plunged most since the August devaluation.

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Mon, 01/04/2016 - 02:16 | 6993947 AngrySparky
AngrySparky's picture

I love how "they" can decide what you get to do with "your" money... Oh you feel like selling stocks today because you need money because you lost your job? Yeah, sorry, too many people sold today, markets are closed or "broken" maybe you can sell tomorrow after you've lost your opportunity to "make" money.

Mon, 01/04/2016 - 02:24 | 6993972 junction
junction's picture

Happy New Year!  Boy, is Yellin going to have some 'splaining to do.  The Chinese economy, the engine that was driving the world economy, has now derailed.  Will it now crash and burn like reporter Michael Hastings' Mercedes Benz not so long ago?  Stay tuned for the bogus details from Jim Cramer.  I wonder how many times the reporters on CNBC will say "This is going to get ugly!"   

Mon, 01/04/2016 - 02:27 | 6993988 Soul Glow
Soul Glow's picture

Gold still going vert.

Mon, 01/04/2016 - 02:41 | 6994023 Deathrips
Deathrips's picture

You dont hold it dont own it.



Mon, 01/04/2016 - 07:32 | 6994325 VinceFostersGhost
VinceFostersGhost's picture



If you've got gold in Dubai.......get it the hell out of there!

Mon, 01/04/2016 - 07:37 | 6994333 StackShinyStuff
StackShinyStuff's picture

2016 is the Year of the Monkey.  As in monkey-hammered. 

Mon, 01/04/2016 - 07:45 | 6994342 Four chan
Four chan's picture

so much for a lack of direction.

Mon, 01/04/2016 - 07:53 | 6994354 clooney_art
clooney_art's picture

Cue the disappearances.

Mon, 01/04/2016 - 09:23 | 6994586 toady
toady's picture

Time for a rate cut?

Mon, 01/04/2016 - 12:30 | 6995408 Pickleton
Pickleton's picture

But but but, I had someone claiming that they made 200% on the markets in 2015 tell me that the Chinese central bank devaluations fixed everything....magically.

Mon, 01/04/2016 - 07:56 | 6994356 847328_3527
847328_3527's picture

They have too much freedom there. The gubmint blocks only 80% of their internet. Moar clamping down, capital controls and re-education are obviously needed.




Mon, 01/04/2016 - 08:17 | 6994397 Roevskalle
Roevskalle's picture

Indeed, but its not the monkey year yet. It starts february 8.

Mon, 01/04/2016 - 02:50 | 6994052 jcdenton
jcdenton's picture

Paper gold? If so, physical is priceless ..

Meaning as Bill Holter and Jim Sinclair have suspected (Ron Paul also) ..

There is NO gold in the vaults at Fort Knox, West Point, and Manhattan .. (that is physical gold in the possession legally by the USG)

Mon, 01/04/2016 - 03:03 | 6994088 Zero Point
Zero Point's picture

It's just been rented out. I'm sure that when the time is due, it will all be returned, down to the last gram. Barring unfortunate ocean liner accidents of course.

Mon, 01/04/2016 - 03:25 | 6994123 OzFan
OzFan's picture

Add Jim Willie to that....Jim Rickards too, though he holds it back lest he bites the corporate hand that feeds him.....actually, they all fcking know (eg Maloney, PCR, Celente, Kransler, Hoffman, etc).

When this utlra slow train wreck of all train wrecks derails, the sheeple wont know what monstered them.

......meanwhile back in Oregon 

Mon, 01/04/2016 - 03:54 | 6994156 Transformer
Transformer's picture

Have no fear, Alex Jones is on his way.  :o)

Mon, 01/04/2016 - 04:49 | 6994204 Keyser
Keyser's picture

Oh, you mean the zionist controlled cointelpro? Oops, I mean the patriot from Austin... 

Mon, 01/04/2016 - 05:59 | 6994253 GernB
GernB's picture


Mon, 01/04/2016 - 03:55 | 6994159 jcdenton
jcdenton's picture

The gold well may physically be there. It could also be physically in other vaults offshore. Legally (that is statutorily but not necessarily legal) consigned to foreign banks.

For example. There is for a fact, 32.8 TRiLLION, in cash, in the U.S. Treasury. It is reserved, but not necessarily in full possession of its legal owner (that is via U.S. District Court order). This same owner does possess (in full) 2000 metric tonnes of gold bullion in a Vienna (Austria) bank. Where he is also a legal citizen.

In 1962, the USG was believed to be in the possession of 10.5 thousand metric tonnes of gold. At that time valuing about 15 billion. The aforementioned 2000 is presently valued at 90 billion. See where this is going?

The said owner above, is in the process of actually assisting the Hellenic Republic (Greece) getting back on their feet. This is no bailout. He will do the same for PR in short order.

So, I would overall be less worried about things as most are reporting them. That includes The Voice via Jim Willie, and Holter's quite scary scenario he wrote last December. None of these guys had backdoor access to Reagan's Oval Office. None of these guys gave Gorbachev $10 billion to step down as General Secretary of the USSR. None of these gave the new Russian Federation $50 billion as restart money in 1990. (We all didn't hear much about this, because too many of us were enthralled on CNN re: GHWB's bogus Desert Shield and Desert Storm.)

Mon, 01/04/2016 - 06:05 | 6994258 OzFan
OzFan's picture

Yeh, its all there....that's why they were able to return Germanys gold.....oh shit, that's right

Mon, 01/04/2016 - 08:49 | 6994490 Pumpkin
Pumpkin's picture

IMO, the gold vaults are stacked to the roof.  The bankers have much more to gain by gold being contained than being in the market.

Mon, 01/04/2016 - 08:38 | 6994451 stocktivity
stocktivity's picture

"I wonder how many times the reporters on CNBC will say "This is going to get ugly!" 


...and I wonder how many times they will say "off the lows"

Mon, 01/04/2016 - 02:25 | 6993977 Tarzan
Tarzan's picture

The down today up tomorrow whip lash continues?


Mon, 01/04/2016 - 02:48 | 6994045 Laowei Gweilo
Laowei Gweilo's picture

"your money"


lol there's your first problem


Mon, 01/04/2016 - 02:56 | 6994070 Fullthrottle
Fullthrottle's picture

Damn chicoms take all the fun out of it. No Trading for you!!!

Mon, 01/04/2016 - 06:49 | 6994291 nmewn
nmewn's picture

"Criminal, unpatriotic short sellers are behind this!!!" - Vice Public Security Minister Meng Qingfeng

Mon, 01/04/2016 - 04:25 | 6994181 kappal_toba_dhu...
kappal_toba_dhurr_ne_thook's picture

Welcome to China!

Mon, 01/04/2016 - 02:17 | 6993951 Jugdish
Jugdish's picture

Blue horseshoe likes wal-mart.

Mon, 01/04/2016 - 02:39 | 6994015 mayhem_korner
mayhem_korner's picture



Wal*Mart has a SNAP IV in each arm.  Investing in the "corporation" is akin to investing in Central Planning.

Mon, 01/04/2016 - 02:55 | 6994068 jcdenton
jcdenton's picture

Walmart is largely owned by Bain Capital and the Romney's .. (also the Salinas family)

Mon, 01/04/2016 - 03:04 | 6994092 jcdenton
jcdenton's picture

What! You work for Wally World?

Mon, 01/04/2016 - 07:35 | 6994329 VinceFostersGhost
VinceFostersGhost's picture



Penalty flag on the play.......10 yards for talking to yourself.

Mon, 01/04/2016 - 08:06 | 6994375 847328_3527
847328_3527's picture

One has to be proud and feel "safe" at Walmart now that they removed those oppressive Confederate Flags from their shelves and replaced them with Al Snapton's action figure dolls.

Mon, 01/04/2016 - 02:43 | 6994031 Full Nelson
Full Nelson's picture

So do toofless rednecks who don't know no better.

Mon, 01/04/2016 - 02:18 | 6993953 kiwimail
kiwimail's picture

Houston, we have a problem!!!

Mon, 01/04/2016 - 02:22 | 6993954 Yen Cross
Yen Cross's picture

   C-Ya in London BITCHEZ

 Homey don't play games.

 Notice how gold is running out of velocity on the M-30 charts?

 Blubbb- Blubbb

 I'm pretty happy with my original trade. I called this  trade perfectly.

 I'm going to let it ride.

Mon, 01/04/2016 - 02:27 | 6993983 robertocarlos
robertocarlos's picture

A gold backed Yaun would be interesting. I'd probably starve to death but seeing the USSA go down would be worth it.

Mon, 01/04/2016 - 02:49 | 6994050 Yen Cross
Yen Cross's picture

 Those Dow futures are really nasty... I'm guessing we'll see some margins getting called? Ha Ha

  Did I forget CoV Lite CCC, Mortgage backed debt?

 It's funny, In an homeless way.

Mon, 01/04/2016 - 03:07 | 6994095 Gambit
Gambit's picture

Yen, sometimes I dont know wtf u say and most often than not it seems like an idiotic rant cuz u won a bet against yourself and no one knows wtf th bet is. Get over urself and make some fucking sense for once man

Mon, 01/04/2016 - 03:20 | 6994116 Yen Cross
Yen Cross's picture

  Why do you waste your time, imbibing me?

 How's that cheap cell phone, with an cheap touch pad, working out?

  Do yourself a favor...  Keep funneling procedes into that .GOV pension.

 Yeah, your mad about the retiring Life Guard comment, I made yesterday.

Mon, 01/04/2016 - 04:30 | 6994186 Hephaestus
Hephaestus's picture

"imbibing" I dont think you realize that means exactly what you think it means. Ok if I use it?

Mon, 01/04/2016 - 03:38 | 6994140 Squid-puppets a...
Squid-puppets a-go-go's picture

Gambit: he just used a homey the clown reference.

Untouchably cool. You will be pwned

Mon, 01/04/2016 - 03:42 | 6994144 Yen Cross
Yen Cross's picture

 If the Guy wants some answers, he just has to ask. He's clearly financially illiterate.

Mon, 01/04/2016 - 03:01 | 6994083 jcdenton
jcdenton's picture

Going down, yes. But, there is much, much more to the picture ..

It is not just a gold-backed Yuan. But a Ruble, and eventually (sooner than you think) a USD ..

Mon, 01/04/2016 - 03:14 | 6994110 robertocarlos
robertocarlos's picture

Yuan. Thanks. I started out spelling Jaun.

Mon, 01/04/2016 - 07:35 | 6994330 StychoKiller
StychoKiller's picture

Yuan, juan, won, wan, one, wun -- yeesh!

Mon, 01/04/2016 - 09:04 | 6994538 marts321
marts321's picture

Good call YenCross :)

Mon, 01/04/2016 - 02:19 | 6993958 Make_Mine_A_Double
Make_Mine_A_Double's picture

Not a very auspiscious beginning for PRC PPT.

Mon, 01/04/2016 - 02:20 | 6993960 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Ruh roh.

Mon, 01/04/2016 - 02:20 | 6993963 shervin2
shervin2's picture

SUM TING WONG!?!!?!?!?!?!?!

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