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China stocks suffer biggest one-day tumble since 2008, banks hammered

An investor looks at a computer screen showing stock information at a brokerage house in Shanghai  China stocks suffer biggest one-day tumble since 2008, banks hammered 2015 01 19T072041Z 1 LYNXMPEB0I06D RTROPTP 2 MARKETS CHINA STOCKS CLOSEBy Sue-Lin Wong SHANGHAI (Reuters) – China stocks suffered their biggest one-day percentage drop since the global financial crisis, dragged down by record tumbles for banks as authorities battled market speculation that fuelled a late 2014 spurt in share prices. The China market was one of the world's best performers in 2014, thanks to surge of more than 40 percent in the last quarter. China's securities regulator punished industry heavyweights for illegal operations in their margin trading. Monday's fall came a day before China reports fourth-quarter and full-year economic growth data.


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