B shares tumble on resumption of scandal-hit firm

China¡¦s B-share markets slumped on Thursday on concerns that resumption of trading of the scandal-hit Guangxia (Yinchuan) Industry (SZSE: 0557) would weigh on indices. Shanghai B-share index plummeted 4.84 points or 2.88 per cent to close at 162.99 points, off the intra-day low of 162.92. Turnover was a mere RMB 522.24 million. Shenzhen B-share index plunged 8.86 points or 3.09 per cent to finish at the intra-day low of 277.53 points. Turnover was thin at RMB 243.54 million.

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