(Bloomberg) -- China's key stock index plunged by a
record number of points after the government's main securities
daily 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, or 7.7 percent, to close
at 3511.43. The measure, which doubled in the past six months,
has plunged 16 percent from its May 29 peak after the government
tripled the tax on share trades to 0.3 percent.
Read more at Bloomberg Stocks News
record number of points after the government's main securities
daily 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, or 7.7 percent, to close
at 3511.43. The measure, which doubled in the past six months,
has plunged 16 percent from its May 29 peak after the government
tripled the tax on share trades to 0.3 percent.
Read more at Bloomberg Stocks News
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