China key share index posts biggest drop in 5 years

People walk on a bridge with a board showing the numbers of stock exchange rates in the Lujiazui Financial District of Shanghai on Nov 25, 2014. The Shanghai Composite Index which tracks all the tickers trading on the Shanghai Stock Exchange fell 5.4%, the biggest one-day percentage fall since August 2009, to 2,856.27 points - AFP Photo.

SHANGHAI: Shanghai shares posted their biggest one-day percentage fall in five years on Tuesday, dragged down by a sell-off in the financial and property sectors, reversing a two-week long rally.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 4.5%, the biggest one-day fall since June 2013, to 3,106.91 points, while the Shanghai Composite Index which tracks all the tickers trading on the Shanghai Stock Exchange fell 5.4%, the biggest one-day percentage fall since August 2009, to 2,856.27 points.

The largest percentage gainer on the Shanghai exchange on Tuesday was Hainan Mining Co, which rose 44%, while the largest percentage decliner was Boyuan Investment, down 10%.

Among the most active stocks in Shanghai were Bank Of China, down 9.29% to 3.32 yuan; China State Construction Engineering, unchanged at 5.03 yuan and Agricultural Bank Of China, down 8.93% to 3.06 yuan.

In Shenzhen, BOE Technology, down 9% to 3.04 yuan, TCL Corp, down 3% to 3.59 yuan and Changjiang Securities, down 5.8% to 14.21 yuan, were among the most actively traded. - Reuters