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China stocks tumble on growth woes

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Capital Market
Mainland China share market finished the session sharply down on Tuesday, 03 March 2015, dragged down by profit booking across the board amid mounting worries about a slowing economy which trumped enthusiasm for the central bank's latest interest-rate cut. Meanwhile, selloff pressure intensified on concerns about increase supply of new stocks offerings and ahead of China's ceremonial legislature annual session on Thursday. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, stumbled 93.36 points, or 2.59%, to 3507.90, while the Shanghai Composite Index declined 73.23 points, or 2.2%, to 3263.05.

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First Published: Mar 03 2015 | 4:45 PM IST

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