Chinese stocks plunged more than 5 percent yesterday, as more and more investors chose to stay away from the highly volatile market. The benchmark Shanghai Composite Index fell 5.25 percent to close at 3,615.87 points, extending Wednesday’s two percent loss. In the last month, almost half of the yuan-denominated A-shares in the Shanghai and Shenzhen stock exchanges have fallen more than 30 percent. On Wednesday, only 70,132 new accounts were opened – a big drop from the daily average of over 300,000 in May.
Image from You Guo Xin
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