China's Stock Market Suspended as Shares Plummet 7%

Trading on China's stock market was suspended earlier today, as shares plummeted across the country, reports the BBC.

The blue-chip CSI 300 Index plunged by 7%, while Shanghai's Composite index dropped by 6.9%. Shenzhen's index, which comprises mostly technology companies, was the worst affected, plummeting by over 8%.

Trading was suspended for 15 minutes earlier in the day after the drop hit 5%. According to the BBC, "moves of 7% from the previous session's close trigger a trading suspension for the day," following a new measure instituted earlier last month.

READ MORE: The Chinese stock market crash: Should you be worried?

[Image via BBC]