Chinese Stocks Tumble
China's Benchmark Stock Index Tumbles
Wednesday January 31, 5:27 am ET
By Elaine Kurtenbach, AP Business Writer
China's Benchmark Stock Index Tumbles 4.9 Percent, Biggest 1-Day Loss in 8 Months
SHANGHAI, China (AP) -- Chinese shares tumbled nearly 5 percent in their biggest one-day loss in eight months on Wednesday amid mounting worries over high stock valuations.
Analysts said the decline, led by blue chips, likely signaled a respite after weeks of continued record highs.