Chinese shares closed more than two percent lower on Wednesday, as jittery investors dumped stocks on expectation of further tightening measures.
The benchmark Shanghai Composite Index fell 95.76 points, or 2.30 percent, to end at 4,070.12, the lowest since July 23 last year. It opened 2.13 percent higher, following the overnight rally on the Wall Street.
The Shenzhen Composite Index tumbled 467.26 points, or 3.15 percent, to 14,348.46.
Losses outnumbered gains by 731 to 104 in Shanghai and by 566 to 93 in Shenzhen. Aggregate turnover expanded to 126.95 billion yuan (17.9 billion U.S. dollars) from 116.52 billion yuan on Tuesday.
Source: Xinhua
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