CHINA-ECONOMY:STOCK MARKET
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The Dow Jones Industrial Average fell nearly 400 points on January 7, 2016 as steep falls in Chinese equities spilled over to global markets. The sell-off came after the People’s Bank of China made its largest downward adjustment to the yuan since August. China's stock market fell more than 7% amid concerns about capital flight and China’s stock markets stopped trading after only 30 minutes, ending the shortest trading day in their history after the newly installed mechanism to limit volatility was triggered for the second time this week.
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