Chinese shares plummet due to IPO concern

Jamie McKane

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Chinese shares plummet due to IPO concern

Chinese stocks fell on concern a flood of new listings will overload the market, adding to Monday’s risk-off sentiment in emerging markets.

The Shanghai Composite Index slid as much as 3.1%, the worst among the region’s major benchmarks. The tech-heavy ChiNext Index -- the first of China’s major indexes to enter a bear market -- lost as much as 3.4%.
 
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