Pounds 252 Billion Wiped Off China Shares As the Big Slide Goes On

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CHINA'S stocks fell another 6% today, continuing the massive slump that has driven the Shanghai index down 21% since last Wednesday, wiping more than $500 billion (Pounds 252 billion) off the market's value. The crash was sparked by the Chinese government tripling stamp duty on share trades in a bid to cool the raging economy. Today's drop followed one of 8.3% yesterday.

Nervous traders had been expecting a rally today. "I have no words for this market it's out of its mind," said Wu Nan, an analyst at Xiangcai Securities.

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Pounds 252 Billion Wiped Off China Shares As the Big Slide Goes On

"People had been expecting a rebou...

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