Money

China stocks slump Tuesday to nearly one-year low

(Xinhua)
Updated: 2010-05-11 16:14
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BEIJING - Chinese shares dropped remarkably to nearly one-year low on Tuesday with banks leading the slump.

The benchmark Shanghai Composite Index shrank 1.90 percent to close at 2,647.57 points.

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The Shenzhen Component Index shed 1.68 percent to 10,091.20 points.

Total turnover expanded to 175.92 billion yuan ($25.76 billion) from 168.48 billion yuan on the previous trading day.

Losers outnumbered gainers by 775 to 100 in Shanghai and 803 to 121 in Shenzhen.
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