Arab Today, arab today shanghai stocks plunge 697 at open extending losses
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Shanghai stocks plunge 6.97% at open, extending losses

Arab Today, arab today

Arab Today, arab today Shanghai stocks plunge 6.97% at open, extending losses

Shanghai stocks
Shanghai - AFP

China's benchmark Shanghai stock index plunged 6.97 percent at the opening on Wednesday despite government moves to shore up the tumbling market, dealers said.

The Shanghai Composite Index slumped 259.72 points to 3,467.40. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 4.07 percent, or 78.61 points, to 1,854.22.

The falls came as Hong Kong stocks plunged 4.74% at the open.

 

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