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Chinese stocks' biggest decline since 1992

Chinese shares have erased more than $2.8 trillion of value in three weeks, marking an abrupt end to the longest bull market in the nation's history

Bloomberg 

The Shanghai Composite Index capped its steepest three-week decline since 1992 as measures to shore up Chinese equities failed to stop margin traders from unwinding positions at a record pace. The benchmark equity measure fell 5.8 per cent to 3,686.92 at the close, extending losses to 29 per cent since the June 12 peak. Chinese shares have erased more than $2.8 trillion of value in three weeks, marking an abrupt end to the longest bull market in the nation's history. Just 39 of the 1,106 stocks in the Shanghai Composite posted gains on Friday, paced by PetroChina Co amid speculation of ...

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First Published: Sat, July 04 2015. 00:21 IST
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