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Chinese stocks nosedived Thursday

Chinese stocks nosedived Thursday, triggering their second daylong trading halt this week and sending share markets, Asian currencies and oil prices lower as investor jitters rippled across the globe.

The benchmark Shanghai Composite Index tumbled 7.3 per cent to 3,115.89 before “circuit breakers” suspended trading for the day. The Shenzhen Composite Index for China's second smaller stock exchange slumped 8.3 per cent to 1,955.88.