plunge: As of the end of Monday's morning session, the Shanghai Composite Index slipped by 5.19 percent to 2,918.65 points, while the Shenzhen Component Index fell by 6.15 percent to 9,079.74 points, according to Global Times China. A total of 236 stocks slipped to their trading ceiling of 10 percent, with high-tech shares leading the plunge. But securities analysts said that considering China's healthy economic indicators, investors need not panic. Li Daxiao, chief economist at Shenzhen-based Yingda Securities, called the plunge a correction as mainland stocks had been enjoying a bull run in the past few months. Notwithstanding the plunge, recent economic indicators in China point toward an upward trend. The Shanghai index climbed to 3,270 points on April 19 from 2,514 points on January 4.
(news.financializer.com). As
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