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Chinese stock exchanges closed early for the second time this week after the CSI 300 Index plunged more than 7 percent. Trading of shares and index futures was halted by automatic circuit breakers from about 9:59 a.m. local time. Stocks fell after China’s central bank weakened the currency’s daily reference rate by the most since August. “The yuan’s depreciation has exceeded investors’ expectations,” said Wang Zheng, Shanghai-based chief investment officer at Jingxi Investment Management Co. “Investors are getting spooked by the declines, which will spur capital outflows.”

Source: China Halts Stock Trading After 7% Rout Triggers Circuit Breaker – Bloomberg Business