Stocks fall on policy concern
By Jin Jing and Zhou Yan | China Daily | Updated: 2008-08-22 07:47
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An investor monitors price changes at a securities house in Haikou, Hainan province. The Shanghai Composite Index dropped 3.63 percent to close at 2431.72 yesterday. Shi Yan |
SHANGHAI: The mainland's major stock index tumbled 3.63 percent yesterday on investor concerns that the possible launch of the economic stimulus package is unlikely.
The benchmark Shanghai Composite Index fell 91.56 points to close at 2431.72, with 742 out of 912 stocks closing lower. The Shenzhen Component Index sunk 3.38 percent, or 288.12 points, to close at 8243.03.
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