Chinese stocks sag 3.8 percent

Posted by 7Star Thursday, April 9, 2009

Chinese stocks slid 3.76 percent on Wednesday in their biggest daily percentage drop in more than one month, as worries about first-quarter earnings and a possible slowdown in loan growth from the first quarters heated pace encouraged profit-taking. The Shanghai Composite Index ended at a two-week closing low of 2,347.385 points.

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