Chinese shares dropped a further three per cent on Monday after "securities regulators failed investors' expectations that they might introduce stimulus measures," state media reports. The benchmark Shanghai Composite Index fell 107.43 points, to close at 3,472.71, while the Shenzhen Component Index fell 390.71 points, to 13,302.14.
A gloomy Monday followed a bullish rebound on Friday, which saw shares
rise by almost five per cent on speculation that China's securities
watchdog might cut stamp duty or unveil the timetable for the launch of
stock index futures over the weekend.
Meanwhile, the Chinese government vowed to "make efforts to promote the
stable and sound development of its stock market," according to
comments made by Premier Wen Jiabao in Laos on Sunday.
News & Interviews 
Chinese shares dropped a further three per cent on Monday after "securities regulators failed investors' expectations that they might introduce stimulus measures," state media reports. The benchmark Shanghai Composite Index fell 107.43 points, to close at 3,472.71, while the Shenzhen Component Index fell 390.71 points, to 13,302.14.
(0 vote)
