Chinese stock collapse creates new insecurity in shipping

The slowdown in growth in China seems to be part of the explanation for the largest price slump in the Shanghai index since February 2007 which the Chinese stock exchange experienced on Monday.
Photo: Georg Hammerstein/POLFOTO/ARKIV
Photo: Georg Hammerstein/POLFOTO/ARKIV

The value of shares on the Chinese stock exchange has plunged further this Monday in the biggest dive since before the financial crisis. The trend-setting Shanghai Composite closed at negative 8.5 percent and the vast majority of the decline occurred in the last hour of trade. This is the biggest drop for the Shanghai index since February 2007, reports news agency Ritzau Finans.

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