Tuesday 15 September 2015

Chinese stocks plunge

Chinese stocks plunged on Monday, the Shanghai Composite Index falling 2.7 percent, the most in three weeks.

The market was down 4.7 percent at one point on Monday.

Reports over the weekend had shown that China's industrial output rose 6.1 percent in August from a year earlier while fixed asset investment excluding rural households climbed 10.9 percent in the first eight months. Both missed economists' forecasts.

US stocks were little affected by the Chinese plunge but the S&P 500 still finished down 0.4 percent on Monday.

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