China Stocks Plunge to Eight Month Low-Shanghai Metals Market

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China Stocks Plunge to Eight Month Low

Data Analysis 09:02:28AM May 07, 2010 Source:SMM

BEIJING, May 7 -- Chinese equities dropped to an eight-month low Thursday, led by energy and banking shares.

The benchmark Shanghai Composite Index tumbled 4.11 percent to close at 2,739.70 points.

The Shenzhen Component Index fell 5.28 percent to 10,422.56 points.

Total turnover expanded to 204.18 billion yuan ($29.9 billion) from 194.45 billion yuan on the previous trading day.

Losers outnumbered gainers by 824 to 62 in Shanghai and 839 to 78 in Shenzhen.
 

China Stocks Plunge to Eight Month Low

Data Analysis 09:02:28AM May 07, 2010 Source:SMM

BEIJING, May 7 -- Chinese equities dropped to an eight-month low Thursday, led by energy and banking shares.

The benchmark Shanghai Composite Index tumbled 4.11 percent to close at 2,739.70 points.

The Shenzhen Component Index fell 5.28 percent to 10,422.56 points.

Total turnover expanded to 204.18 billion yuan ($29.9 billion) from 194.45 billion yuan on the previous trading day.

Losers outnumbered gainers by 824 to 62 in Shanghai and 839 to 78 in Shenzhen.