COLOMBO, April 7 (Xinhua) -- Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted on Monday morning after the S&P SL20 index dropped over 5 percent from the previous close, the CSE said.

The S&P SL20 index fell 240.45 points, or 5.3 percent, to 4,292.90, and the All Share Price Index (ASPI) also fell 4.16 percent, or 639.01 points, in early trade to 14,734.34, the CSE said.

Trading at the CSE is suspended if stocks fall more than 5 percent from the previous close, which triggers the circuit breaker set out by the Securities and Exchange Commission of Sri Lanka in 2020, according to the CSE.

The ASPI measures movements of the overall market, while the S&P SL20 tracks the performance of 20 leading publicly traded companies listed on the CSE.

Other Asian markets also plunged, triggered by the U.S. tariff hike. Enditem

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