Chinese shares plunge to below 3,000 points over property curbs

Updated: 2010-04-19 16:01
Large Medium Small

BEIJING - China's main stock index dived to below 3,000 Monday, led by a slump of property shares on government's tougher efforts to rein in excessive property prices gains.

The benchmark Shanghai Composite Index on the Shanghai Stock Exchange ended at 2,980.30 points,down 150.01 points, or 4.79 percent.

The Shenzhen Component Index plummet 6.22 percent to 11,644.58 points.

Total turnover expanded to 275.35 billion yuan ($40.33 billion) from 187.24 billion yuan on the previous trading day. Losers outnumbered gainers by 842 to 33 in Shanghai and 836 to 85 in Shenzhen.