CSI 300 suffers largest-ever weekly drop
16 June 2008
The mainland markets had their biggest weekly drop ever in the week that ended June 13, Bloomberg reported. The benchmark CSI 300 index fell by 15% last week and closed below 3,000 points for the first time since last April. The index tracks shares listed in Shanghai and Shenzhen. The CSI 300 has dropped 44% this year, the biggest decline by a benchmark index among the world's 20 biggest equity markets. Analysts said government policies to moderate inflation were one of the main reasons for the decline.