Shanghai shares open down more than 3%

GMT 02:05 2015 Monday ,24 August

Arab Today, arab today Shanghai shares open down more than 3%

Shanghai shares
Shanghai - Arab Today

Shanghai shares opened down more than three percent on Monday, despite China authorising its state pension fund to invest in stocks, the authorities' latest attempt to shore up the markets.

The benchmark Shanghai Composite Index slumped 3.83 percent, or 134.26 points, to 3,373.48. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dived 4.32 percent, or 88.12 points, to 1,951.28.

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