China's benchmark Shanghai stock index closed down 5.90 percent on Wednesday, as new government policies aimed at averting a market slide failed to have an impact, dealers said.
The Shanghai Composite Index slumped 219.93 points to 3,507.19 on turnover of 700.2 billion yuan ($114.5 billion). The Shanghai index fell as much as 8.20 percent during the day.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 2.50 percent, or 48.38 points, to 1,884.45 on turnover of 414.2 billion yuan. It fell as much as 4.20 percent.
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
A small Brazilian city will hold a massive funeral Saturday to honor its football team, wiped out at the height of their…
Sweden on Friday said 200,000 chickens were being slaughtered at a farm where bird flu has been detected, following a resurgence in…
Fashionistas and makeup artists around the world have taken to social media to showcase their talent, grow their business, gain and engage…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday