Tuesday, 05 June 2007

China shares slide more than 5 percent

(Reuters) - China's main stock index plunged more than 5 percent on Tuesday as panicking investors continued to dump stocks after last week's hike in the share trading tax.

The Shanghai Composite Index was 5.27 percent lower at 3,477.999 points in the late morning. Turnover was much lower than last week's levels, suggesting many stocks were finding few buyers even as they were marked down.


Read more at Reuters Africa

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