China stocks plunge over 4% Friday after US tariff announcement
Xinhua |
Updated: 2018-03-23 14:39
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BEIJING - The benchmark Shanghai Composite Index plunged over 4 percent in the afternoon session on Friday following the US decision to hike tariffs on China's steel and aluminum imports.
As of 2:00 pm Friday, the Shanghai Composite Index plunged 4.02 percent and the smaller Shenzhen index dived 5.16 percent.
A total of 170 stocks dropped by the daily limit of 10 percent on the two bourses and over 1,000 stocks sank over 7 percent during the afternoon session.
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