Sri Lanka halts stock trading twice after index slides 8%

 

Bloomberg

Sri Lanka’s stock market trading was halted twice on Wednesday after a gauge of blue-chip shares tumbled more than 8%, highlighting the mounting economic crisis prompted by a shortage of dollars and surging inflation.
The benchmark Colombo All Share Index settled 2.7% lower at 11,285.37 after a slide in a measure of the nation’s top 20 stocks by market capitalisation triggered a circuit breaker.
The stock exchange suspended trading for 30 minutes twice, first when the gauge fell 5%, then when it declined to more than 7.5%.

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