Mainland China's stock market tumbled again on Tuesday, 25 August 2015, as concerns about China's weak economy pressured risk aversion selloff across the board. Many companies, including some large state-owned firms, fell by the maximum daily limit of 10%. The benchmark Shanghai Composite Index closed down 7.6% to 2964.97, below the 3000 level for the first time since December 2014, on turnover of 358.7 billion yuan. The steep losses follow a drop of 8.5% on Monday, the worst single-day loss in more than eight years. China's stock-market crash has wiped out more than $1 trillion in value from equities and sent its main stock index down 22% over the past four days. The index is down 8.3% for the year and has fallen 43% since its June peak. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 7.09%, or 133.39 points, to 1,749.07 on turnover of 288.0 billion yuan. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 7.52% to close at 1,990.71.
Powered by Capital Market - Live News
