Markets in mainland China plunge after layoff, but not as much as fear


Markets in mainland China fell at the beginning of the second, on their first day trading

Since the Lunar New Year holidays coincide with spread

Of the outbreak.

Global markets have fallen in recent weeks and China has braced itself for steep losses, with the China People’s bank announced Sunday it has injected around $173 billion into the economy to buffer the projected blow, along with other measures to stabilize the economy.

Shanghai Composite

SHCOMP, -7.69%

Initially decreased by nearly 9%, as well as the Shenzhen composite cap

.



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