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China's main stock index falls 5.5 percent

China's main stock index falls 5.5 percent

China's main market index has fallen 5.5 percent, dragged down by across-the-board declines in oil, banks and other industries.
The benchmark Shanghai Composite Index was down 5.5 percent at 2,826.57 in mid-afternoon trading Tuesday.
The decline comes amid volatility in China's market. Early last week, the index plunged amid concerns about possible government credit controls and corporate profits, but the rebounded at the end of the week.
PetroChina Ltd., Asia's biggest oil producer, was down 5.2 percent. Industrial & Commercial Bank of China Ltd., the country's biggest commercial lender, was down 4.3 percent.


Updated : 2021-07-31 14:34 GMT+08:00