Stocks rocked amid growing fears about China's economy
Technology and financial stocks hit hard in market selloff
HONG KONG – Chinese stocks are volatile Friday a day after rattling global markets with a 7 percent plunge and trading suspension.
The Shanghai Composite Index gained about 3 percent when it opened but quickly surrendered those gains to be down 1 percent at 3,096.82.
Chinese stocks have had a boom and bust ride over the past year. Authorities introduced circuit-breaker mechanisms on Jan. 1 that halt trading in attempt to reduce the volatility, but the move appears to have backfired.
On Thursday evening, regulators announced they were suspending the circuit breakers that kick in when the market falls more than 5 percent.
Among other Asian markets, Hong Kong's Hang Seng was up 1 percent and Japan's Nikkei 225 rose 0.4 percent.
Antisemitism Exposed
Fox News' Antisemitism Exposed" newsletter brings you stories on the rising anti-Jewish prejudice across the U.S. and the world."
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.