HONG KONG Feb 25 China's CSI300 share index
suffered its largest one-day loss in seven months on Tuesday, as
prices dropped sharply in the afternoon on renewed credit
worries and a sharp drop in the yuan.
The Nasdaq-style ChiNext Composite Index of
mostly high-tech start-ups listed in Shenzhen ended down 5.1
percent after touching an intra-day record high just shortly
before the midday lunch break.
The CSI300 of the leading Shanghai and Shenzhen
A-share listings tumbled 2.6 percent in its biggest single-day
loss since July 2013. The Shanghai Composite Index ended
down 2 percent at 2,034.2 points.
This was the fourth-straight day of losses for both major
benchmark indexes, with investors jittery about lending curbs on
the important property sector.
China's spot yuan fell below the official midpoint rate for
the first time since September 2012 on Tuesday, as economists
and traders suspected the central bank had intervened to add
volatility to the currency in preparation for reform.
(Reporting by Clement Tan; Editing by Richard Borsuk)