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Article: 2nd LD: Chinese stock exchanges plunge again, down 15 percent in a week
- Article from:
- Xinhua News Agency
- Article date:
- June 4, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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2nd LD: Chinese stock exchanges plunge again, down 15 percent in a
week
BEIJING, June 4 (Xinhua) -- Chinese shares plunged again on
Monday, with the major Shanghai Composite Index falling by 8.26
percent after heavy falls last week.
Investors were left rubbing their eyes after a cumulative fall of
over 15 percent since the bourses struck a high point of 4335.18
points on May 29.
The major Shanghai Composite Index, which tracks both yuan-
denominated A shares and hard-currency B shares, closed at 3,670.4
points, down 330.34 points or 8.26 percent, from the previous close
last Friday.
The slump is the largest decline since Feb. 27 when the index
dropped by 8.84 percent.
The smaller ...