Chinese stocks fall

Beijing, Jan 27 (IANS) Chinese shares tumbled heavily on Wednesday with the benchmark Shanghai Composite Index nose-diving more than 3 percent immediately after midday break.

Earlier, the smaller Shenzhen index opened 0.44 percent higher at 9,525.61 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, gained 0.16 percent to open at 1,997.32 points.

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