Shanghai stocks plunged over 4 percent in their worst day in five months on Friday, as investors scrambled to take profit amid signs of tighter regulatory scrutiny after a recent market resurgence fuelled concerns of bubbles forming.
Sentiment was also dampened by poor economic data and weak global markets, though some investors see a correction in china's market as good entry point.
The blue-chip CSI300 index fell 4.0 percent, to 3,657.58 points, while the Shanghai Composite Index ended down 4.4 percent at 2,969.86 points. Both indexes logged their worst session since Oct. 11.
Source : Reuters