China suspends ‘circuit breaker’ mechanism after stock trading halted again

An advertising board showing a Chinese stone lion is pictured near an entrance to the headquarters (right) of China Securities Regulatory Commission in Beijing, China, in this September 7, 2015 file photo. China will suspend its new stock market circuit breaker mechanism as of Friday, the Shanghai and Shenzhen stock exchanges said on their websites. - Reuters pic

BEIJING: China will suspend “circuit breakers”, the top securities regulator said, after the trading curbs were again triggered Thursday when share prices dropped more than seven percent, halting share trading early for the second time this week.

The circuit breaker mechanism, which went into force at the beginning of the year to reduce volatility on China’s bourses, will be lifted from Friday, the Xinhua news agency added.