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The rout in China's highly leveraged stock market has become a major worry for international investors, who fear a meltdown could further destabilize the global economy even as Greece risks crashing out of the European common currency. China stocks had more than doubled over the past year, fueled in large part by investors using borrowed money to speculate on further gains. The brokerages met on Saturday in Beijing to discuss the market situation and expressed "full confidence" in the development of China's capital markets, a statement on the website of the Securities Association of China said.
Yemen's dominant Houthi movement said on Saturday a pause in fighting to last until the end of the Muslim holy month of Ramadan was under discussion with the United Nations to allow for deliveries of humanitarian aid. Houthi spokesman Mohammed Abdul Salam said in a post on his Facebook page he had met U.N. special envoy to Yemen Ismail Ould Cheikh Ahmed on Friday to discuss the matter. An Arab coalition has been bombarding Iran-allied Houthi forces and allied army units since March in a campaign to restore exiled President Abd-Rabbu Mansour Hadi to power.