Chinese market's small cap stocks tumble while high cap stocks stand tall

The Kobeissi Letter

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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…