Shanghai Composite Index Opens Down 1.3% At 2734.59
SHANGHAI China's shares extended their losses on the market's opening Wednesday, after they posted their biggest fall in more than a decade Tuesday on institutional profit-taking in large-capitalized firms.
The benchmark Shanghai Composite Index, which tracks both A and B shares, opened down 1.3% at 2734.59. The Shenzhen Composite Index fell 2.0% to 695.49.
The benchmark Shanghai Composite Index slumped 8.8% Tuesday, marking its steepest drop since Feb. 18, 1997 when it plunged 8.9%.
Analysts said Tuesday's tumble wiped around CNY1 trillion off the market's value
This came after
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