Markets

China stocks plunge Wednesday

(Xinhua)
Updated: 2011-05-04 15:25

BEIJING - Chinese shares fell sharply Wednesday with the benchmark Shanghai Composite Index down 66.17 points, or 2.26 percent, to 2,866.02.

The index on Wednesday has fallen to its lowest point in more than two months.

Shares of coal miners slumped by more than 5 percent, while non-ferrous metals and autos dipped more than 3 percent.

The Shenzhen Component Index dived 2.84 percent, or 353.06 points, to close at 12,070.41.