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Chinese share prices slump heavily
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16:00, November 22, 2007

Shanghai Composite Index on Nov. 22, 2007.(Xinhua Photo)
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Chinese share prices on Thursday slumped heavily as the benchmark Shanghai Composite Index, which covers both A and B shares, plunged 230 points, or 4.41 percent, to 4,984.16 points at the close.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dived 798.8 points, or 4.77 percent, to 15,949.36 points.

The Hushen 300 Index, accounting for 60 percent of the nation's stock market value, was down 225 points, or 4.5 percent, to 4,772.62 points.

The combined turnover on the two markets dropped to 99.6 billion yuan (13.4 billion U.S. dollars) from 103 billion yuan on the previous trading day.


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