China: Stocks fall more than 5%

[SHANGHAI] China's benchmark Shanghai Composite Index plunged more than five per cent in afternoon trade on Friday, slumping 252.57 points, or 5.58 per cent, to 4,275.21.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, was down 7.25 per cent, or 197.01 points, at 2,519.70.

AFP