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Chinese shares plummet in morning session, down 3.17%
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13:19, March 17, 2008

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Chinese shares closed more than three percent lower in the morning session on Monday than the previous trading day, dragged on by the blue-chip stocks.

The benchmark Shanghai Composite Index shed 125.81 points, or 3.17 percent, to close at 3,836.86 points in the morning session. It traded between the highest 3,941.26 points and the lowest 3,836.32 points, with a turnover of 33.75 billion yuan (4.82 billion US. dollars).

The Shenzhen Component Index ended down 504.55 points, or 3.48 percent, to 13,313.10 points, and the total turnover was 3.85 billion yuan.

The Hushen 300 Index, which accounts for 60 percent of the market value in China's stock market and reflects the performance of China's Shanghai and Shenzhen stock exchanges closed at 4,012.21 points, down 3.50 percent.

Source:Xinhua



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