Shanghai stocks plunge 5.06% in afternoon trading

GMT 07:12 2016 Thursday ,25 February

Arab Today, arab today Shanghai stocks plunge 5.06% in afternoon trading

Shanghai economy
Shanghai - Arab Today

Shanghai stocks plunged more than five percent in afternoon trading on Thursday, weighed down by worries over China's slowing economy and tight liquidity, dealers said.

The benchmark Shanghai Composite Index slumped 5.06 percent, or 148.24 points, to 2,780.66. The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 6.46 percent, or 121.29 points, to 1,755.18.

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