The Shenzhen Composite Index, which tracks stocks on China’s second exchange, sank 8.99pc, or 158.02 points, to 1,598.80. China International Travel Service quickly fell by the maximum 10pc allowed, to 73.80 yuan. Individual Chinese stocks are limited to a 10pc daily move in either direction to limit volatility, after which trading in those shares is suspended. Foxconn Industrial Internet, an arm of Taiwanese tech giant Foxconn, also fell by the daily limit to 18.00 yuan. China Southern Airlines fell 2.99pc to 4.22 yuan, and China Eastern Airlines lost 2.51pc to 3.49 yuan.

Source: Pakistan Today February 03, 2020 12:22 UTC