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Shanghai stocks drop the most since November
- China Aluminium Network
- Post Time: 2009/8/18
- Click Amount: 377
Chinese stocks suffered their worst fall Monday since November, hammered by falling commodity prices and concerns over liquidity tightening measures by the government. The Shanghai Composite Index dropped 5.8% to 2,830.63, closing below the 3,000-point level for the first time since the end of June. Shenzhen's main share index plunged 6.6%. Metals stocks were hit hardest, with Angang Steel and Yunnan Copper dropping by the day's 10% limit in Shenzhen, while Aluminum Corp. of China /quotes/comstock/13*!ach/quotes/nls/ach (ACH 27.94, -2.20, -7.30%) and Jiangxi Copper dropped by as much in Shanghai. The performance dragged on Hong Kong-listed China-related stocks, weighing down the Hang Seng China Enterprises Index 4.1% lower in afternoon trading. The benchmark Hang Seng Index lost 3.5%.
Source: Market Watch
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