Stocks plunge 5% to hit a new low
By Jin Jing | China Daily | Updated: 2008-08-19 08:20
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An investor monitors price changes at a securities house in Fuzhou, Fujian province. The Shanghai Composite Index dropped 5.33 percent to close at 2319.87 yesterday. Zhang Bin |
SHANGHAI: The mainland stock market plunged 5.33 percent yesterday to close at the lowest since Dec 15, 2006, as investors worried the slowing down of China's economic growth may further hurt corporate earnings.
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