Chinese shares fall at week's end after overnight loss on Wall Street
5/9/2008 17:22
Chinese equities tumbled today following a heavy slump overnight on the
Wall Street as concerns about US economic slump worsened.
The Shanghai
Composite Index sank 3.29 percent, or 74.97 points, to 2,202.45. The key index
has declined more than 58 percent this year and more than 63 percent from its
peak in October.
In Shenzhen, the market fell 2.8 percent, or 209.4 points,
to 7,264.2. Aggregate turnover expanded to 42.55 billion yuan (US$6.22 billion)
from 38.99 billion yuan on the previous trading day.
Losses outnumbered gains
by 827-47 in Shanghai and 702-32 in Shenzhen.
Xinhua
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