China market tumbles over 7%

The Mainland China share market tumbled on Friday, 26 June 2015, as panicked investors rushed to sell amid increasing worries that the country's bull-run is running out of steam. Stocks fell across the board, with companies relating to communications, the Internet, medical care, education and transportation were the biggest losers amid mounting concerns over market overvaluation. The Shanghai Composite Index stumbled 334.91 points, or 7.4% to end at 4192.87, extending yesterday's 3.5% slump. The Shenzhen Component Index dived 8.24%, or 1293.66 points, to close at 14398.79 points.The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, tumbled a record 8.91% to end at 2920.7 points. Over the week, the Shanghai market lost 6.37% and the Shenzhen market dropped 8.72%.

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