HONG KONG, March 26 |
HONG KONG, March 26 (Reuters) – China shares suffered their worst loss in more than a week on Tuesday after Everbright Securities won approval for a private share placement, stoking fears of a new wave of stock-offerings by brokerages.
The CSI300 of the leading Shanghai and Shenzhen A-share listings closed down 1.5 percent at 2,575.1, while the Shanghai Composite Index sank 1.3 percent. For both, it was their heaviest one-day loss since March 18. (Reporting by Clement Tan; Editing by Eric Meijer)
China shares suffer worst loss in over a week on fundraising fears
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