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Chinese stocks plunge 2.33 pct Tuesday on economic growth slowdown

(Xinhua)

15:50, October 18, 2011

BEIJING, Oct. 18 (Xinhua) -- Chinese stocks fell more than two percent on Tuesday after official data showed that the country's economic growth dropped to the slowest pace in two years.

The benchmark Shanghai Composite Index dropped 2.33 percent, or 56.92 points to end at 2,383.49. The Shenzhen Component Index slumped 2.73 percent, or 286.56 points, to 10,226.93.

China's GDP growth slowed to 9.1 percent in the third quarter of the year, from 9.5 percent in the second quarter and 9.7 percent in the first quarter, the National Bureau of Statistics said Tuesday.

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