Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
Total elapsed time for the trading session in Shanghai this Thursday? 14 minutes.
That’s how long it took for traders to decide they didn’t like what the Bank of China was doing with the Yuan — pushing the value down in order to boost the slowing Chinese economy. Circuit breakers were tripped, and by 10am in Shanghai, the main stock index there was off 7 percent. Trading had been called for the day. Marketplace’s China Correspondent Rob Schmitz gives us some important context on what went on.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.