China trips up Wall Street
U.S. stocks are trading lower across all indices following news of a sell-off in China
At 10:10 a.m. ET the Russell 2000 was down 2.05 points, or 0.24 percent, to 835.48. Dow Jones Industrial Average was down 19.18 points, or 0.14 percent, to 13,502.16.
The Shanghai Composite Index lost 6.5% on Wednesday, its worst performance since the fall of 8.8% on Feb. 27 that sent shockwaves through the world’s markets.
The sell-off was triggered when China’s Ministry of Finance decided to triple a trading transaction fee to 0.3% from 0.1% in order to cool the booming stock market.
China’s stock market has nearly quadrupled in the past 18 months, and nearly 300,000 brokerage accounts are being opened daily, leading to fears that speculation is creating bubble.
The following were the most actively traded companies in Wednesday's trading among those with market capitalizations under $500 million:
| Price at | % | ||||||
| 10:02 et | Change | Change | Volume | Year High | Year Low |
