Shanghai stocks close down 7.63%, extending rout
Shanghai stocks
Shanghai - Arab Today
Shanghai stocks closed down 7.63 percent on Tuesday, as concerns about China's weak economy pressured shares the day after their worst daily fall since 2007 sparked panic selling around the world.
China's benchmark Shanghai Composite Index dropped 244.94 points, to 2,964.97 on turnover of 358.7 billion yuan ($56.1 billion). It fell as much as 8.16 percent during the day.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 7.09 percent, or 133.39 points, to 1,749.07 on turnover of 288.0 billion yuan.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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