The Mainland China stock market locked at 7% lower circuit on Thursday, 07 January 2016. The halt was the second this week for China's stock market as worries continued over its economy. The slide came after China's central bank lowered the yuan's daily reference rate by the most since last summer. The Shanghai Composite Index locked 7.04%, or 236.84 points, lower circuit at 3125. The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 8.24%, or 175.87 points, to close at 958.09. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shrank 8.58%, or 211.84 points, to close at 2256.52.
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