HONG KONG: Shanghai stocks tumbled more than two percent Wednesday as traders fretted that a recent run of strong data on the Chinese economy will prevent the country’s leaders from unveiling any new near-term stimulus.
The benchmark Shanghai Composite Index slumped 2.31 percent, or 70.24 points, to close at 2,972.58 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, tumbled 4.43 percent, or 86.69 points, to 1,871.51.
Hong Kong’s Hang Seng Index fell 0.93 percent, or 199.90 points, to close at 21,236.31.
Copyright AFP (Agence France-Presse), 2016
Courtesy : BRecorder