China's stocks continue to fall amid global slump
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Xinhua, September 23, 2011
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China's stocks continued a falling trend Friday amid global bear market, with the benchmark Shanghai Composite Index down 0.41 percent, or 9.9 points, to close at 2,433.16 points.
The Shenzhen Component Index dropped 1.15 percent, or 122.07 points, to finish at 10,538.4.
After the U.S. Federal Reserve on Wednesday announced its stimulus measures to buy 400 billion U.S. dollars of long-term bonds, the Dow Jones Industrial Average fell 3.51 percent on Thursday. The S&P 500 index shed 3.19 percent, while the Nasdaq 100 index declined 3.26 percent.
European stock markets also closed lower Thursday with France's CAC 40 down 5.1 percent. Germany's DAX declined 4.96 percent, while Britain's FTSE 100 shed 4.64 percent.
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