China stocks fall 5.4 pct on brokerage probes

Nov 27, 2015 (LBO) – China equities closed down 5.4 percent on Friday on the back of investigations by China’s securities regulatory body into brokerages for breaking regulations.

The Shanghai Composite closed 5.48 percent lower.

Chinese brokerages plunged with Citic Securities, Founder Securities, and China Merchants closing 10.1, 10, and 9.98 percent lower on news of investigations into their operations.

The Nikkei 225 fell 0.3 percent, Hang Seng 1.87 percent while Bombay’s BSE Sensex was up 0.65 percent.