Shanghai stocks close down over 6% on economy worries

Shanghai stocks plunged more than five percent in afternoon trading on Thursday, weighed down by worries over China's slowing economyShanghai stocks closed down more than six percent on Thursday, slammed by worries over China’s slowing economy and tight liquidity, dealers said. The falls came ahead of a meeting of G20 finance ministers in commercial hub Shanghai starting on Friday, with China’s slowing growth expected to loom over the high-level discussions. The benchmark Shanghai Composite Index plunged 6.41 percent, or 187.65 points, to 2,741.25 on turnover of 271.8 billion yuan ($41.6 billion).

Share this article