China market plummets 6.4% as bubble fears grow

Mainland China share market tanked for second straight day on Friday, 19 June 2015, amid mounting concerns over the potential impact of a flurry of initial public offerings and moves by regulators to curb margin trading. Meanwhile, risk off selloff intensified amid fears of a bubble in China's volatile equity markets after rising 140% over 12 months and around 50% year to date. All 10 sectors dived into red, with losses were paced by material and industrial companies. The benchmark Shanghai Composite Index plummeted 307 points, or 6.42%, to 4478.36, taking its declines for the week to 13%.

Powered by Capital Market - Live News