Editorial Summary

The Shanghai Composite Index plunged 1.19 percent to close at 4,803.394 on Wednesday and fell to as low as 4,778 during afternoon trading, while the Shenzhen Composite Index fell 1.57 percent to close at 1,219.98. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached 53.3 billion Yuan and 24.1 billion Yuan, respectively.

Shares of PetroChina Company Limited (PetroChina) (601857.SH; 0857.HK; NYSE: PTR) fell 1.23 percent to another historical low of 32.15 Yuan on Wednesday. Shares of Shanxi Xishan Coal and Electricity Power (000983.SH), Shandong-based Yanzhou Coal Mining Company Limited (600188.SH) and China Shenhua Energy Company Limited (601088.SH; 1088.HK) rose 3.99 percent, 0.68 percent and 0.6 percent to close at 59.38 Yuan, 19.24 Yuan and 65.57 Yuan, respectively, on the Shanghai Stock Exchange on Wednesday.