Markets in mainland China plunge after layoff, but not as much as feared

From marketwatch.com

Markets in mainland China plunged early Monday, on their first day of trading since an extended Lunar New Year holiday that coincided with the rapid spread of the coronavirus outbreak. Global markets have fallen in recent weeks and China had braced itself for steep losses, with the People’s Bank of China announcing Sunday it would inject about $173 billion into the economy to cushion the expected blow, along with other measures to stabilize the economy. The Shanghai Composite SHCOMP, -7.72% initially plummeted nearly 9%, as did the smaller-cap Shenzhen Composite 399106, -8.41% , though both recovered slightly as ... (full story)