Circuit Breakers on Individual Stocks Isn't Enough

If there are circuit breakers on the market, the limits on individual stocks should be removed or at least greatly expanded.

Bloomberg: China Considers Circuit Breaker Tied to Gauge of Biggest Firms
Trading of stocks, stock options and index futures would halt for 30 minutes when the CSI 300 Index rises or falls 5 percent, according to a statement Monday from the Shanghai and Shenzhen stock exchanges along with the China Financial Futures Exchange. Feedback on the plan is being accepted until Sept. 21, it said.

...The freezes would last until the market closes that day if the index rises or falls 7 percent any time or 5 percent after 2:30 p.m., it said. The rules also apply to convertible bonds and some other stock-related securities.

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