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1st LD: Chinese shares plummet as brokerages dive

Xinhua, November 27, 2015 Adjust font size:

China's stocks tumbled heavily in the afternoon session Friday, with the benchmark Shanghai Composite Index nose-diving more than 4 percent.

Brokerages led the diving. CITIC Securities once hit the daily drop limit of 10 percent, while 19 companies tumbles over 6 percent.

On Thursday night, CITIC Securities and Guosen Securities released statements respectively that they are under investigations by the Securities Regulatory Commission.

Media reported that another brokerage giant Haitong Securities is also being investigated by the national regulator. The company's share trading was suspended this morning. Endi