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China stocks close down 3.79 percent Monday

08-08-2011 15:42 BJT

BEIJING, Aug. 8 (Xinhua) -- China's stocks tumbled Monday after rating agency Standard & Poor's lowered the U.S. debt rating to AA+ with a negative outlook.

Two individual investors look at an electronic board which displays
stock prices at a brokerage house in Hangzhou, east China's Zhejiang
Province, Aug. 8, 2011. The benchmark Shanghai Composite Index slumped
3.79 percent to close at 2,526.82 points while the Shenzhen Component
Index dropped 3.33 percent to finish at 11,312.63 points. (Xinhua/Long Wei)

The benchmark Shanghai Composite Index slumped 3.79 percent to close at 2,526.82. The Shenzhen Component Index lost 3.33 percent to finish at 11,312.63.

The Shanghai listed stocks opened 1.03 percent lower on Monday morning and hit a year low of 2,497.92 during the morning trade.

Editor:Wang Xiaomei |Source: Xinhua

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