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Chinese shares tumble 4 percent, biggest 1-day drop in 6 months, amid bubble worries

Chinese shares tumble 4 percent, biggest 1-day drop in 6 months, amid bubble worries

Chinese stocks tumbled Thursday, with the key Shanghai Composite Index losing 4 percent in its biggest one-day decline in more than six months.
Analysts forecast more volatility amid worries that the markets, which more than doubled in value over the past year, may be priced too high.
The benchmark Shanghai Composite Index fell 4 percent to 2,857.36, off a record closing peak of 2,975.13 hit a day earlier. It was the index's biggest single-day loss since a 4.8 percent drop on July 13, 2006.
The Shenzhen Composite Index fell 4.3 percent to 675.78.


Updated : 2021-06-25 17:12 GMT+08:00