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Chinese stocks slumped 7.6 in one week amid global selloff

Last updated on October 30, 2018

China saw a major stock market meltdown in the first week after the Golden Week holiday amid a global selloff.

The benchmark Shanghai Composite slumped 7.6 per cent in the week to close at 2606. The index tumbled 3.7 per cent on Monday, despite a 100 percentage point cut in reserves requirement ratio for commercial banks. You think that's was bad? Until it slumped 5.2 per cent on Thursday after amid a global selloff, with the . . .

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