China stocks hit four-month lows on panic selling




 
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China stocks hit four-month lows on panic selling
 
July 8th, 2015  
News Manager
 

Topic: China stocks hit four-month lows on panic selling


China stocks hit four-month lows on panic selling
China stocks tumbled to four-month lows on Wednesday as panicky investors dumped shares across the board, even as the government tried to unveil supportive measures throughout the day session to stop the plunge. To insulate themselves from the meltdown, more than 500 China-listed firms announced trading halts before the market opened, bringing the total number to around 1,300, almost half of China's roughly 2,800 listed firms. "Liquidity is totally depleted." The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 6.8 percent, to 3,663.04, while the Shanghai Composite Index lost 5.9 percent, to 3,507.19 points.




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