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China Warns of Investor 'Panic' as Stocks Continue Plunge

Chinese stocks continued to tumble Wednesday, prompting Beijing to warn of a "panic sentiment" by investors and unveil a series of desperate new measures to stop the three-week slide. Shortly after opening, the benchmark Shanghai Composite Index lost nearly seven percent and the Shenzhen Composite Index fell four percent, continuing a crash that has wiped out 30 percent of market value since mid-June. Trying to shield themselves from the sell-off, hundreds more Chinese...

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