Chinese indices last plunged more than 8% in a day about five years ago, when an equities bubble burst. – EPA pic, February 3, 2020.
CHINESE stocks today collapsed with hundreds of firms plunging by the maximum 10% as investors get their first chance in more than a week to react to a barrage of bad news from the spiralling coronavirus outbreak. The benchmark Shanghai Composite Index ended the morning session down 8.13%, or 241.87 points, at 2,734.66, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dipped 8.3%, or 145.78 points, to 1,611.04.
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