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yuan

Chinese shares closed down sharply in Thursday trade, a fall analysts attributed to the falling oil price and profit taking by investors.

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yuan

The Shanghai Composite Index lost 6.41 per cent and the Shenzhen Component Index fell 7.34 per cent.

Chinese stocks fell around 40 per cent from mid-2015, losing more than 5 trillion dollars in value, according to the Bloomberg news agency. Shares have regained around 10 cent since the middle of January.

Securities regulator Xiao Gang was fired this week because of the turbulence on the markets

Source: GNA

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