S&P/ASX 200 Index futures fell 0.4% or 33 points to 7,554 on Tuesday. US bonds came under renewed pressure on strong ISM services data and signals from the US Fed that a March cut is a longshot.
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BREAKING: Nearly 30% of all stocks in China have been halted as China's CSI 1000 index slides 8% in a matter of hours.
Chinese stock market indices today:
1. CSI 1000: -8%
2. Star 50: -5%
3. Beijing 50: -4%
4. Shenzhen: -4%
5. Shanghai Composite: -3%
Meanwhile, the CSI 100 and Hong Kong 50 indices, which represent Chinese large caps, are UP on the day.
Chinese small cap stocks are collapsing while the large caps are completely unfazed.
What is happening to Chinese small cap stocks?