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China stocks open down over 2 percent, extend previous day's sharp fall

Stock MarketsAug 19, 2015 03:07
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© Reuters. An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai

SHANGHAI (Reuters) - China stocks opened down over 2 percent on Wednesday, extending previous day's sharp losses amid growing uncertainty over the monetary policy outlook.

Stocks plunged more than 6 percent on Tuesday, their biggest fall in three weeks, on speculation the central bank may be in no rush to ease policy further and concerns a further weakening in the yuan would hit importers.

The CSI300 index (CSI300) fell 2 percent to 3,748.18 points at 0130 GMT, while the Shanghai Composite Index (SSEC) lost 2.7 percent to 3,646.75 points.

China CSI300 stock index futures (CIFc1) for August fell 0.2 percent, to 3,737.6, 10.58 points below the current value of the underlying index.

The Hang Seng index (HSI) in Hong Kong was up 0.1 percent, to 23,488.44 points.

China stocks open down over 2 percent, extend previous day's sharp fall
 

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