Steep falls in Chinese equities pummeled global markets on Thursday, as widening concerns over the world’s No. 2 economy pushed investors out of shares, oil and metals. The selloff came after the People’s Bank of China made its largest downward adjustment to the yuan since August, a move that sent the country’s stock market down over 7% amid concerns about capital flight from the Asian giant. China’s stock markets stopped trading after only 30 minutes, ending the shortest trading day in their history after a newly installed mechanism to limit volatility was triggered for the second time this week . European stocks opened to steep losses. The Stoxx Europe 600 was down 3.4% in midmorning as energy and basic resources shares tumbled. Futures pointed to a 2.5% loss for the S&P 500. Changes in futures markets don’t necessarily reflect moves after the opening bell. Fears about China spread to […]