Shanghai stocks tumble 0.65 percent today

Chinese stocks lost their ground broadly on Friday, with coal mining companies, steel makers and voice technology firms the leading losers.

The Nasdaq-style ChiNext enterprise board decreased by 1.48 percent, or 27.39 points, to close at 1,821.32, followed by the Shenzhen Component Index, which shed 1.01 percent to 11051.12.

The Shanghai Composite Index, the country’s major benchmark, plunged by 0.65 percent, or 21.23 points, to a low of 3,269.88 today.

Leshi Internet Information & Technology, a Shenzhen-listed video-streaming service provider, declined by 10 percent to close at 5.93 yuan per share, the maximum for a single trading day.

Boosted by the news that China will soon introduce Chinese depository receipt to attract technology companies to return to the A-share market, the Shanghai Dazhong Public Utilities (Group) Co Ltd, the country’s first joint-stock company in taxi industry, saw its share surged by 10 percent to close at 5.14 yuan per share.