Agence France-PresseApril 21, 2014 09:55
Chinese stocks tumbled 1.52 percent Monday on fears of a possible market glut after authorities revealed a list of several firms planning initial public offerings (IPOs).
The benchmark Shanghai Composite Index dropped 31.92 points to 2,065.83 on turnover of 81.7 billion yuan ($13.1 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.34 percent, or 14.58 points, to 1,074.78 on turnover of 92.3 billion yuan.
Hong Kong was closed Monday for a public holiday.