The Shanghai Composite broke below the 3,000-point mark.
Tips
usage
Short for 上证综合指数 (Shanghai Stock Exchange Composite Index). 沪 is the one-character name for Shanghai. The Shenzhen counterpart is 深指. Financial news constantly pairs them: 沪指涨，深指跌.
culture
沪 comes from 沪渎, an old name for the Wusong River mouth where fishermen set bamboo traps (沪) — so Shanghai is literally 'the place of bamboo fish traps.'
