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Chinese stock markets halted for day after shares fall 7%

Trading on the Shanghai and Shenzhen stock markets was halted for the day on January 4, 2016, after shares fell 7%

Trading on the Shanghai and Shenzhen stock markets was halted for the day on Monday after shares fell seven percent.

The drop in the CSI300 index, which covers both bourses, for the first time triggered an automatic early closure under a new system to curb volatility, after an earlier 15-minute trading halt failed to stem the declines.

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