Chinese shares dive over six percent

Chinese shares dive over six percent
Highlights

Chinese shares plunged heavily on Tuesday, with the benchmark Shanghai Composite Index nose-diving over six percent during the afternoon session.

Beijing: Chinese shares plunged heavily on Tuesday, with the benchmark Shanghai Composite Index nose-diving over six percent during the afternoon session.

The Shanghai index opened lower and remained firmly in negative territory during the morning session, before pointed down to three percent lower shortly after the midday break, and plunged further to over six percent lower after 2.00 p.m. (local time) Xinhua reported.

The ChiNext Index, the NASDAQ-style board of growth enterprises, was the most battered sector, which dived 7.3 percent at 2.47 p.m.

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