Monday, 04 June 2007

China shares tumble 8.3 pct as panic spreads

(Reuters) - The index has now lost 15.3 percent from last Tuesday's record intra-day high, erasing about $340 billion of value. A fall of 10 percent is an internationally accepted definition of a bear market in stocks.




After taking losses of around 20 percent or more on their holdings of volatile small-capital stocks late last week, panicking individual investors dumped stocks on Monday.


Read more at Reuters.com Hot Stocks News

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