Wednesday, 15 July 2015 12:12
SHANGHAI: Chinese shares dropped more than two percent by the break Wednesday as investors took profits from earlier gains, despite better-than-expected second quarter growth data, dealers said.
The benchmark Shanghai Composite Index fell 2.40 percent, or 94.00 points, to 3,830.49. It fell as much as 3.16 percent in mid-morning trading.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 2.30 percent, or 49.51 points, to 2,100.01.
China’s economy expanded 7.0 percent year-on-year in the second quarter, matching the 7.0 percent expansion in the first three months of this year and exceeding the median forecast of 6.9 percent in an AFP survey of 14 economists
