Wednesday 08:15 BST. With Greece given the rest of the week to come up with proposals to avert its exit for the euro ahead of an EU-wide summit, investor’s attention has been freed up to concentrate on China’s turbulent markets.
Beijing’s best efforts to prop up China’s tumbling share market continued to have little effect, with the Shanghai Composite down 6 per cent.
More than half of the almost 2,800 companies listed on the Shanghai and Shenzhen bourses have now suspended their shares from trading, in an effort to prevent their stock prices from being pummelled in a near month-long market slide.
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