For anyone who missed it, things spun out of control in China’s equity markets on Tuesday when a violent bout of afternoon selling sent the SHCOMP and the Shenzhen tumbling by more than 6%.
More than half of the market traded limit-down.
“At 2 p.m. it started to turn south again at a very fast rate,” one analyst told WSJ, adding that “people questioned why the government hadn’t yet stepped in.”