Chinese shares plunge in morning trade

GMT 04:06 2015 Monday ,29 June

Arab Today, arab today Chinese shares plunge in morning trade

Chinese shares
Shanghai - Arab Today

Chinese shares plunged in morning trading Monday, extended losses from the past two weeks despite a surprise interest rate cut at the weekend.

The benchmark Shanghai Composite Index dived 3.75 percent, or 157.39 points, to 4035.48 by midday, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 5.93 percent, or 148.46 points, to 2,354.50.

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