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| An investor looks through stock information at a trading hall of a securities firm in Hefei, capital of east China's Anhui Province, Dec. 9, 2014. Chinese shares tumbled on Tuesday, with the benchmark Shanghai Composite Index (SCI) plunging more than five percent to dive below the 3,000-point psychological mark again. The benchmark Shanghai Composite Index nosedived 5.43 percent to finish at 2,856.27 points. The Shenzhen Component Index closed at 10,116.49 points, down 4.15 percent. (Xinhua/Guo Chen) |
BEIJING, Dec. 9 (Xinhua) -- Chinese shares tumbled on Tuesday, with the benchmark Shanghai Composite Index (SCI) plunging more than five percent to dive below the 3,000-point psychological mark again.
Tuesday's slump has ended strong rallies spanning five straight trading days since last Tuesday.
The benchmark Shanghai Composite Index nosedived 5.43 percent to finish at 2,856.27 points. The Shenzhen Component Index closed at 10,116.49 points, down 4.15 percent.
Related:
China Voice: Riding the bulls, carefully
BEIJING, Dec. 8 (Xinhua) - As China's stock market continues a record-breaking streak that includes a flux of mom-and-pop investors, some words of caution are in order.
It's not that one of the world's worst-performing markets does not deserve a rally or two, but even a "bull market" does not adequately describe the frenzy at the Shanghai and Shenzhen exchanges. In the last 11 trading days, two key stock indexes climbed around 20 percent, with the biggest one-day turnover hitting 1 trillion yuan (162 billion U.S. dollars). Full story
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