(Bloomberg) -- China's benchmark stock index plunged
7.7 percent after the government's main business newspaper
signaled officials won't try to halt a slump that's erased more
than $350 billion of market value in four days.
The CSI 300 Index dropped 292.52 to 3511.43, the biggest
points slide on record. The measure, which doubled in the past
six months, has tumbled 16 percent from its May 29 peak after
the government tripled the tax on share trades to 0.3 percent.
Read more at Bloomberg Emerging Markets News
7.7 percent after the government's main business newspaper
signaled officials won't try to halt a slump that's erased more
than $350 billion of market value in four days.
The CSI 300 Index dropped 292.52 to 3511.43, the biggest
points slide on record. The measure, which doubled in the past
six months, has tumbled 16 percent from its May 29 peak after
the government tripled the tax on share trades to 0.3 percent.
Read more at Bloomberg Emerging Markets News
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