Chinese shares tumble further 6% amid capital flight concerns

Outflows reached record $1trn last year

Chinese shares have plummeted to a 13-month low, as it was revealed equity outflows from the region reached a record $1trn in 2015.

Investors worried capital flight could accelerate well into 2016 as slower economic growth and a weaker yuan take their toll on shares. The Shanghai Composite index fell 6.4% to 2,749.8 points, passing the lowest close since December 2014, according to Bloomberg. Stocks such as China Shipbuilding Industry and Hundsun Technologies tumbled more than 8% while other Asian markets also reported further losses. The Hang Seng index was down 2.4% to 18.864.3 points while the Nikkei 225 dropped 2.4% to 16,708.9 points. Pidcock, Mobius, Rock: How concerned should investors be about China con...