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Chinese shares slide 21.8 percent in August

(chinadaily.com.cn)
Updated: 2009-08-31 16:26

Chinese equities sank almost 200 points on the last trading day in August, with the benchmark Shanghai Composite Index losing 6.74 percent, or 192.94 points to finish at 2667.75 and the Shenzhen Component Index falling 7.55 percent, or 864.99 points to end at 10585.09.

Concerns over the initial public offering of low-grade enterprises led to the biggest loss in the past 14 months. Coal producers fell across the board while non-ferrous metals dropped over 8 percent and the agriculture sector declined 4 percent. Chinese equities slid 21.8 percent in August, the biggest monthly loss in 10 months.