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Shares plunge 6.32% amid slowdown concerns

(Xinhua)
Updated: 2008-10-27 15:29

Chinese shares plunged 6.32 percent on Monday amid concerns over the economic slowdown and following a slump in the Hong Kong market.

The benchmark Shanghai Composite Index dropped 6.32 percent, or 116.27 points, to close at 1,723.35. The Shenzhen index slid 6.89 percent, or 424.14 points, to close at 5,734.81 points.

The combined turnover was about 47.18 billion yuan ($6.91 billion), compared with the previous trading day's 44 billion yuan. Losses outnumbered gains by 842-28 in Shanghai and 723-23 in Shenzhen.