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BIZCHINA> Top Biz News
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Chinese shares fall, tracking overnight Wall Street slump
(Xinhua)
Updated: 2009-06-23 16:01 Chinese equities fell Tuesday, tracking the Wall Street slump overnight.
Total turnover was 210.37 billion yuan ($30.8 billion), slightly shrinking from 220.66 billion yuan the previous trading day. Overnight, US stocks plunged as lower expectation of world economy hit global market. The Dow Jones fell 2.35 percent to 8,339.01. The Standard & Poor's 500 index lost 3.06 percent to 893.04. The Nasdaq shed 3.35 percent to 1,766.19. In its latest forecast report, the World Bank predicted that the world economy will shrink 2.9 percent in 2009, worse than the 1.7 percent drop in its previous forecast. (For more biz stories, please visit Industries)
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