Chinese share prices down drastically
2008-03-17 01:03:25 Xinhua English
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BEIJING, March 17 (Xinhua)-- Chinese shares dived on Monday amid lingering concerns over possible interest-rate hikes and panic from the U.S. subprime mortgage woes, with sell-off craze against more than 300 individual stocks.
China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,820.05 on Monday, 142.63 points, or 3.60 percent, from the previous close.
The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 13,207.78, a slump of 609.87 points, or 4.41 percent from the previous trading day.
The Hushen 300 Index tracking the performance of both Shanghai and Shenzhen stock exchanges closed at 3,965.28 on Monday, plummeted 192.59 points, or 4.63 percent.
Combined turnover on the two bourses amounted to 109.5 billion yuan (15.5 billion U.S. dollars) on Monday, up from the 93 billion yuan last Friday.
Losses outnumbered gains by 821 to 23 in Shanghai and by 656 to10 in Shenzhen.
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