Shanghai stocks close more than 6% lower



Shanghai shares ended more than six percent lower Wednesday after racking up big gains a day earlier following a week-long break, with traders left disappointed by a lack of stimulus out of China to supplement last month's raft of measures.

The Shanghai Composite Index dived 6.62 percent, or 230.92 points, to 3,258.86, while the Shenzhen Composite Index on China's second exchange tumbled 8.65 percent, or 181.45 points, to 1,917.32. Hong Kong was down more than one percent in late trade.

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