Wednesday, 15 July 2015 12:35
SHANGHAI: China’s benchmark Shanghai stock index closed down 3.03 percent on Wednesday as investors took profits from earlier gains, despite slightly better-than-expected second quarter economic growth, dealers said.
The benchmark Shanghai Composite Index dropped 118.79 points to 3,805.70 on turnover of 700.5 billion yuan ($ 114.6 billion). The index fell as much as 4.67 percent in afternoon trading before trimming losses.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slumped 4.22 percent, or 90.68 points, to 2,058.84 on turnover of 545.5 billion yuan.
