|Published : 17 Apr 2017, 14:36:25|
China shares slip in thin trading
China's share markets fell on Monday, as investors dumped stocks across the board after the country's top securities regulator vowed to "brandish the sword" and combat market misbehaviours.
The blue-chip CSI300 index fell 0.2 per cent to 3,479.94 points, while the Shanghai Composite Index lost 0.7 per cent to 3,222.17 points.
Main sectors fell broadly led by real estate stocks, as bellwethers China Fortune Land and Risesun Real Estate dived the maximum allowed 10 per cent.
More than 100 stocks slumped by the 10 per cent downside limit, which has been rare in recent months.
Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), over the weekend urged stock exchanges "to resolutely combat behaviour that disturbs market order and in no way be lenient", according to Reuters.