China’s stock markets rebounded in volatile trading Friday after authorities moved to stabilize the currency, bought shares and suspended a circuit-breaker system that fueled days of global financial panic.
As a degree of confidence trickled back to China, global markets also took heart from the Chinese government’s rescue act.
Wall Street opened higher Friday after a more than 2 percent dive on Thursday. But by late morning, U.S. stocks had started to fall, turning slightly negative and cementing one of the roughest starts to a trading year in decades.
In China, the CSI 300 Index in Shanghai and Shenzhen closed 2 percent higher, recovering after an early decline. Gains were more modest in other Asian markets, and European exchanges held onto gains.
https://www.endtime.com/wp-content/uploads/2017/06/Hkg10243471-5438.jpg 702 1024 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2016-01-08 00:00:002018-03-28 17:22:55Wall Street, world markets follow China rebound on government support