Shanghai: Stocks close down 7.63%, extending rout
[SHANGHAI] Shanghai stocks closed down 7.63 per cent on Tuesday, as concerns about China's weak economy pressured shares the day after their worst daily fall since 2007 sparked panic selling around the world.
China's benchmark Shanghai Composite Index dropped 244.94 points, to 2,964.97 on turnover of 358.7 billion yuan (S$79 billion). It fell as much as 8.16 per cent during the day.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 7.09 per cent, or 133.39 points, to 1,749.07 on turnover of 288.0 billion yuan.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground
Singapore shares dip at Wednesday’s open; STI down 0.4%
Stocks to watch: UOB, DBS, Olam, Far East Orchard, Daiwa House Logistics Trust, Manulife US Reit
Europe: Shares close at record highs on financials boost
US: Sideways day for stocks as Disney tumbles
US dollar inches up; Aussie, yen slide