China stocks plunge again

Chinese stocks tumbled Monday following government efforts to cool a market boom, recording their biggest one-day drop since a late February drop that triggered a global market sell-off.

The benchmark Shanghai Composite Index tumbled 8.3 per cent to 3,670.40, falling for the third time in four sessions since the government raised a tax on trading last week. The index had dropped 2.7 per cent Friday. The Shenzhen Composite Index for China's smaller second market fell 7.9 per cent to 1,039.90.

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- Posted: 2007-06-04 10:00:01

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