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Chinese shares plummet by midday Monday

Chinese shares plummet by midday Monday

Write: Langford [2011-05-20]
Chinese equities closed lower on midday Monday, with banking and property heavyweights leading the losses, on investors' jitters over the government's latest real estate tightening moves.
The benchmark Shanghai Composite Index went down 2.65 percent to close at 3,047.36 points.
The Shenzhen Component Index plunged 3.76 percent to 11,949.74 points.