Chinese share prices closed sharply lower on Wednesday as the
benchmark Shanghai Composite Index tumbled 4.92 percent, or 144.22
points to close at 2,786.34 points.
Analysts said the sharp decline of the index, which covers both
A- and B-shares, came amid bubble fears and speculations that the
government would unveil more measures to cool down the equity
market.
The Shanghai A-share index lost 4.92 percent to end at 2,927.83
points, while the B-share index was down 5.48 points to finish at
160.68 points.
The component index of the smaller Shenzhen Stock Exchange fell
7.62 percent, or 629.40 points, to finish at 7,632. 94 on turnover
of 43.71 billion yuan (US$5.62 billion).
(Xinhua News Agency January 31, 2007)