China Shanghai Composite tumbles 2.3%; hit by regulatory concerns

The Mainland China equity market tumbled on Thursday, 23 November 2017, as worries about a selloff in the bond market after the government's increasing determination to rein in runaway debt growth bled into equities. The CSI300 index was down sharply by 2.93%, to 4,103.73, its biggest fall in percentage terms since 13 June 2016. The benchmark Shanghai Composite Index declined 2.3%, or 78.54 points, to finish at 3,351.92, reflecting the steepest daily percentage decrease since December 2016. The Shenzhen Composite Index lost 2.9% to 1,924.45. Combined turnover for Shanghai and Shenzhen markets shrank about 2% to 554.5 billion yuan from Wednesday.

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