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Five-week record stock market fall

Updated: 2014-04-16 07:06
By Xie Yu ( China Daily)

The stock market retreated the most in five weeks on Tuesday, as the nation's money supply grew at the weakest pace in more than a decade in March and triggered more concerns about softening economic momentum.

Financial companies, banks and commodities companies led the drop. The benchmark Shanghai Composite Index fell by 1.4 percent to 2,101.60 points. Turnover reached 91.14 billion yuan ($14.7 billion).

The gauge tracing securities companies sank by 2.74 percent. Securities companies gained significantly on Friday after the authorities announced the opening-up of cross-border stock trading between Shanghai and Hong Kong stock exchanges.

Five-week record stock market fall

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