National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Chinese shares plunge 6% amid regional declines

(Xinhua)
Updated: 2008-11-18 15:34

Chinese shares sank 6.31 percent to close at 1,902 points on Tuesday, in reaction to falls on Wall Street and other regional markets.

Related readings:  Asia stocks sink as layoffs add to global gloom  Japan slides into recession  Citigroup to cut another 53,000 jobs  US is in a 14-month recession, forecasters say

The benchmark Shanghai Composite Index, which covers both A and B shares, tumbled 6.31 percent to 1,902 points. The Shenzhen Component Index lost 7.22 percent to 6,293 points.
The plunge was because of profit taking from rebounds on previous trading days, analysts said.