Monday, 03 August 2015 11:22
SHANGHAI: Shanghai stocks were down 2.43 percent by the break on Monday due to concerns of a deepening slowdown in China’s economy after the latest figures showed that manufacturing activity plunged to a two-year low in July, dealers said.
The benchmark Shanghai Composite Index slumped 88.93 points to 3,574.80.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, sank 2.96 percent, or 62.47 points, to 2,048.15.
