shanghai stocks end down 590 despite government moves
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Shanghai stocks end down 5.90% despite government moves

Arab Today, arab today

Arab Today, arab today Shanghai stocks end down 5.90% despite government moves

Shanghai Composite Index
Shanghai - Arab Today

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.

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