Lack of liquidity, IPO concerns push stocks to six-month low
By Xie Yu in Shanghai | China Daily | Updated: 2013-06-20 07:23
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An investor takes a rest at a stock brokerage office in Qingdao, Shandong province, on Wednesday. The Shanghai Composite Index closed at 2,143.45 points after hitting 2,115.79 at one point - its lowest level this year. Yu Fangping / For China Daily |
Bank and property shares led a slumping market on Wednesday to a six-month low, as expectations of liquidity tightening grew and concerns mounted about a resumption of initial public offerings as early as July.
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