Beijing - Shares in China's two stockmarkets plunged by nearly 4 per cent on Friday, following a regional fall prompted by the US Senate's failure to approve an emergency loan package for the auto industry.
The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, ended the day on 1,954.21, down 3.81 per cent, or 77.47 points.
The smaller Shenzhen Composite also lost nearly 4 per cent of its value, as the Shanghai Daily newspaper said investors were "taking profits due a gloomy economic outlook and fear of future losses."