Wave of Chinese firms halt stock trading

Hong Kong • Faced with a stomach-turning slide in share prices, many Chinese companies are taking matters into their own hands with a tactic that experts say is bound to backfire: they’re pressing the pause button. About half of the 2,800 stocks on mainland Chinese markets have been suspended from trading as companies attempt to stem further losses by sitting out the market upheaval. The trading halts appear to be separate from the flurry of measures rolled out by Beijing over the past week, as ...

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