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Chinese stock markets slide as investors panic (again)
Source: The Guardian
Chinese stock markets slide as investors panic (again)
Tom Phillips in Beijing and Jill Treanor
Monday 27 July 2015 18.34 BST
Turmoil has returned to the Chinese stock market as shares suffered their worst fall in eight years, knocking commodity prices and fuelling jitters among investors in London.
Following three weeks of relative calm, the Shanghai Composite Index plummeted on Monday, ending down 8.5% at 3725.56 – its worst fall since February 2007. Meanwhile the Shenzhen index dropped nearly 7.6% to close at 12493.05 points. Analysts predict more misery ahead for investors in the world’s second largest economy.
Xinhua, China’s official news agency, commemorated the latest crash in a tweet that read: “The return of the debacle!” Two-thirds of all companies listed on the Chinese mainland, or about 1,800 stocks, lost 10% of their value – the maximum daily limit – and were suspended.
[font size=1]-snip-[/font]
Tom Phillips in Beijing and Jill Treanor
Monday 27 July 2015 18.34 BST
Turmoil has returned to the Chinese stock market as shares suffered their worst fall in eight years, knocking commodity prices and fuelling jitters among investors in London.
Following three weeks of relative calm, the Shanghai Composite Index plummeted on Monday, ending down 8.5% at 3725.56 – its worst fall since February 2007. Meanwhile the Shenzhen index dropped nearly 7.6% to close at 12493.05 points. Analysts predict more misery ahead for investors in the world’s second largest economy.
Xinhua, China’s official news agency, commemorated the latest crash in a tweet that read: “The return of the debacle!” Two-thirds of all companies listed on the Chinese mainland, or about 1,800 stocks, lost 10% of their value – the maximum daily limit – and were suspended.
[font size=1]-snip-[/font]
Read more: http://www.theguardian.com/business/2015/jul/27/chinese-stock-markets-slide-as-investors-panic-again
