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1st LD: China stocks drop 5.23 pct Wednesday

Xinhua, July 1, 2015 Adjust font size:

Chinese shares plunged on Wednesday after Tuesday's rally, with the benchmark Shanghai Composite Index down 5.23 percent to finish at 4,053.70 points.

The Shenzhen Component Index dropped 4.79 percent to close at 13,650.82 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 3.47 percent to end at 2,759.41 points. Endi