China shares plunge as Sino-U.S. tensions weigh

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Andrew Galbraith Reuters
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Credit: REUTERS/ALY SONG

Chinese shares slumped by the most in more than five months on Thursday as a bull run that had pushed the country's benchmark indexes to multi-year highs reversed sharply amid renewed Sino-U.S. tensions.

SHANGHAI, July 16 (Reuters) - Chinese shares slumped by the most in more than five months on Thursday as a bull run that had pushed the country's benchmark indexes to multi-year highs reversed sharply amid renewed Sino-U.S. tensions.

At the close, the Shanghai Composite index .SSEC was down 4.5% at 3,210.10, and the blue-chip CSI300 index .CSI300 plunged 4.81%, the sharpest one-day percentage fall for both indexes since Feb. 2.

(Reporting by Andrew Galbraith; Editing by Alex Richardson)

((Andrew.Galbraith@tr.com; +86 21 2083 0079; Reuters Messaging: andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))

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