China stocks dive over 5%, lowest in 8 weeks

Chinese stocks slid more than 5 percent to their lowest in nearly eight weeks on Monday, with metal and energy shares down while worries about additional share supplies weighed on the market.

The Shanghai Composite Index fell to 2,884.302 points, down 5.3 percent and extending last week's 6.6 percent drop. The index has shed 17 percent from its 14-month high of 3,478 points hit two weeks ago.

Chinese stocks slid more than 5 percent to their lowest in nearly eight weeks on Monday, with metal and energy shares down while worries about additional share supplies weighed on the market.

The Shanghai Composite Index fell to 2,884.302 points, down 5.3 percent and extending last week's 6.6 percent drop. The index has shed 17 percent from its 14-month high of 3,478 points hit two weeks ago.
 

Source: BizChina