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Chinese stocks plummet 2.63%, led by bluechips
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15:59, November 30, 2007

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Chinese share prices were sharply lower on Friday as the benchmark Shanghai Composite Index plunged 2.63 percent following Thursday's strong gains.

The key Shanghai index, which covers both A and B shares, fell 131.55 points to 4,871.78 points.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange ended at 15,637.66 points, down 1.77 percent, or 281.62 points.

PetroChina, the country's largest oil producer which accounts for a quarter of the total weight of the benchmark index, fell 4.63 percent to 31.52 yuan, while Sinopec lost 3.25 percent to 21.12 yuan.

Source:Xinhua



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