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.