Chinese equities tumbled on Tuesday to hit a two-month low, led by real estate companies over concern that the government’s policies to ease real estate market bubble would erode profitability and dampen market confidence.
The benchmark Shanghai Composite Index fell 2.32 percent, or 72.45 points, to close at 3,050.52 points.
The Shenzhen Component Index dropped 2.79 percent, or 363.64 points, to close at 12,647.51 points.
Combined turnover shrank to 112.54 billion yuan (16.48 billion U.S. dollars), from 143.01 billion yuan on the previous trading day
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