Shanghai Composite tumbles 6.5% on liquidity woes

Mainland China share market closed steep lower on Thursday, 28 May 2015, snapping seven days of winning streak, on concerns over liquidity squeeze and stricter requirements for margin trading. The Shanghai Composite Index wiped out 321.45 points, or 6.5%, to finish at 4620.27, its second-worst session of 2015, or its 10th worst session in 15 years, on record turnover of 1.2 trillion yuan. The CSI300 index declined 347.52 points, or 6.71%, to 4834.01.

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