Chinese stocks tumbled in early trading on Friday as the global equities sell-off again gathered pace in Asia after fresh volatility sent stocks on Wall Street lower overnight.
The CSI 300 index, which tracks the largest companies listed in Shanghai and Shenzhen, sank 4.1 per cent sending the index to its lowest point since late September. All market segments were lower but the basic materials, industrials, financials and energy sectors saw the biggest falls, each declining by more than 4 per cent.
Hong Kong-listed Chinese companies did not fare better. The Hang Seng China Enterprises index of large-cap, Hong Kong-listed Chinese companies was down 5.2 per cent to its lowest point in 2018.
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