Chinese shares down more than 5% in afternoon trade
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SHANGHAI - Shanghai shares slumped more than five per cent in afternoon trade on Tuesday, as a two-day rally fuelled by stimulus talk came to an end despite a 440 billion yuan ($67 bn) liquidity injection by the central bank.
The benchmark Shanghai Composite Index tumbled 5.27 per cent, or 154.96 points, to 2,783.55. The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 6.13 per cent, or 113.18 points, to 1,732.60.
AFP
