China stocks tumble 6 percent as oil price slips
Chinese shares plunged more than 6 percent to 14-month lows on Tuesday after oil prices dropped again, reviving concerns about global growth and prompting a selloff in the world's equity markets.
The benchmark Shanghai Composite Index ended down 6.4 percent after a late selling frenzy at 2749.79 points, its lowest close since December, 2014.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 6 percent to 2940.51, also its lowest since the beginning of December 2014.
After a rebound on Friday and early Monday, crude prices fell back below $30 a barrel, not far from last week's 12-year lows, ending a couple of days of gains for Wall Street stocks.
http://www.aljazeera.com/news/2016/01/china-stocks-tumble-6-percent-oil-price-slips-160126081439277.html
