Money

China stocks plunge to eight month low

(Xinhua)
Updated: 2010-05-06 16:29

Chinese equities dropped to an eight-month low Thursday, led by energy and banking shares.

The benchmark Shanghai Composite Index tumbled 4.11 percent to close at 2,739.70 points.

Related readings:  China shares end up 0.8%, bounce from 7-month low  China stocks fall to seven month low Tuesday  Rosy earnings in Q1 fail to halt market downturn  Chinese equities close mixed Friday, post 7.67% monthly loss

The Shenzhen Component Index fell 5.28 percent to 10,422.56 points.

Total turnover expanded to 204.18 billion yuan ($29.9 billion) from 194.45 billion yuan on the previous trading day.

Losers outnumbered gainers by 824 to 62 in Shanghai and 839 to 78 in Shenzhen.

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