Sharemasterindia.com: Chinese shares slumped more than five per cent on Friday afternoon as tight market liquidity caused by new share issues triggered a large sell-off, dealers said.
The benchmark Shanghai Composite Index fell 5.09 per cent, or 243.61 points, to 4,541.75 near the end of the trading session.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 5.42 per cent, or 158.01 points, to 2,755.59.
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