China Market falls to a fresh one-year low

Mainland China stock market tumbled to a fresh one-year low on Thursday, 28 January 2016, extending selling streak, as panic selling resumed amid heightening concern about capital outflows on deepening economic slowdown and bearish equity prediction from market experts. The selloff pressured overshadowed another huge injection of Chinese central bank cash into the financial system. The Shanghai Composite Index ended down 2.92%, or 79.90 points, at 2655.66. The index was down 25% since the start of 2016. The Shenzhen Composite dropped 4.18%, or 71.09 points, to 1629.06. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, shed 76.59 points, or 2.61%, to 2853.76.

Powered by Capital Market - Live News