China stocks open down over 2 percent, extend previous day's sharp fall
Reuters
Published Aug 19, 2015 02:57
Updated Aug 19, 2015 03:07
China stocks open down over 2 percent, extend previous day's sharp fall
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.
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Written By: Reuters
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