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Chinese shares plunge 4.66% to 4-week low
(Agencies)
Updated: 2009-08-12 15:22

Chinese stocks sank 4.66 percent to their lowest close in four weeks on Wednesday on worries that this year's surge in stocks has outrun the economic recovery and that a drop-off in lending means less money flowing into shares.

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The Shanghai Composite Index closed at 3,112.719 points, down 10.5 percent from a 14-month high hit at the rally's peak last week but still up 71 percent from the start of the year.

Losing Shanghai A shares outnumbered gainers by 847 to 86, while turnover for Shanghai A shares rose to 157.1 billion yuan ($23.0 billion) from Tuesday's six-week low of 122.2 billion yuan.


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