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Showing posts with the label Asian Markets at Close Report; June 24

Asian Markets at Close Report; June 24, 2013: Asian Markets at Close Report; June 24, 2013.

By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Chinese stocks plummeted to lead Asian equities lower Monday, with concerns that Beijing may be reluctant to ease a liquidity crunch in the Shanghai interbank money markets slamming banks particularly hard.  The Shanghai Composite CN:SHCOMP -5.30%  suffered its worst one-day percentage loss in nearly four years, plunging 5.3% to end at 1,963.24 — its first close below the psychologically-important 2,000-point level since December. The performance is its worst since a 6.7% drop in August 2009. The Shenzhen Composite Index dived 6.1% to 881.87.  The performance also led to heavy losses elsewhere in the region, with the Hang Seng Index HK:HSI -2.22%  sliding 2.2%