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BEIJING Nike Air Presto Burgundy Australia , June 16 (Xinhua) -- Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market.

The benchmark Shanghai Composite Index dived 3.47 percent, or 175.56 points, to finish at 4,887.43 points NIke Air Presto Comft Red Australia , while the Shenzhen Component Index dropped 3.54 percent, or 626.62 points, to close at 17,075.93 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, slipped 2.85 percent Mens Nike Air Presto QS Grey Australia , or 105.36 points, to end at 3,590.67 points.

During Tuesday's trading, losers outnumbered winners by 776 to 146 in Shanghai and by 1,130 to 260 in Shenzhen.

Combined turnover for the two bourses expanded to 1.7 trillion yuan (278 billion U.S. dollars) during Tuesday's session from Monday's 1.2 trillion yuan.

Analysts attributed Tuesday's drastic fall mainly to 25 IPOs scheduled for this week as investors try to get capital together. Subscribers to the new IPOs see them as a sure way of making money.

Analysts from wlstock expected the coming IPOs to lock up nearly 5.7 trillion yuan of liquidity. Under market rules, major shareholders of new stocks are subject to one or two years lock-up before they are permitted to trade.

Market regulator China Securities Regulatory Commission (CSRC) on Saturday banned illicit loans for stock purchases Womens Nike Air Presto White Australia , and announced that margin trading outside the brokerage system would be strictly punished.

Shares from sectors including aviation manufacturing, e-commerce and logistics led Tuesday's market drop.

CRRC Corp, the company formed by the merger of CSR and CNR, China's two leading high-speed railway makers, continued its losing streak on Tuesday. It debuted last Monday, jumping by the daily limit of 10 percent Womens Nike Air Presto Black Australia , but it lost now 33 percent after six days of consecutive drops. CRRC dropped by the daily limit of 10 percent to close at 21.58 yuan per share.

NAIROBI, May 16 (Xinhua) -- The Kenyan government has moved to cushion citizens from high maize prices by introducing subsidized flour that will retail at 60 percent less than the current market price.

The ministry of agriculture announced that starting Wednesday a 2kg packet of maize flour, East African nation's staple, will retail at 0.9 U.S. dollars, down from 1.5 dollars.

"As part of the government's Food Subsidy Programme, which seeks to reverse the recent rise in prices of essential food commodities Nike Air Presto SE Woven Black Australia , it is notified to the general public that starting Wednesday, the government has partnered with various millers to offer white maize at subsidized rates across the country," said the ministry in a statement.

Some 20 millers have partnered with the government in the programme that has caused excitement among citizens, who are squeezed by the high commodity prices.

A kilo of the subsidized flour would be retailing at 0.46 dollars in retail outlets in the first phase of the programme, according to the ministry.

Some 30,000 metric tonnes of maize from Mexico arrived in Kenya this week and are now in the stores of leading millers.

"I am happy with this move by the government and it is welcome. We have been suffering greatly due to the high prices. They should do the same to sugar and milk prices Nike Air Presto Uncaged Ultra Black Australia ," said Benson Gitau, a messenger in Nairobi.

An increasing number of Kenyan families have been skipping meals as they struggle to survive amid fast-rising inflation.

Inflation in the East African nation has hit a 57-month high of 11.5 percent pushed up by soaring prices of basic commodities that have been on the rise in the past months.

None of the food items used every day by ordinary Kenyans has been spared, with the cost of sugar, vegetables, house rent, potatoes Nike Air Presto Uncaged Ultra White Australia , onions, tomatoes and rice doubling.

The cost of a 2kg packet of sugar, for instance, has risen considerably now going at 4 dollars from 2.9 dollars two weeks ago.

On the other hand, a 500ml packet of milk has hit 0.68 dollars, up from 0.53 dollars some weeks ago with most families doing away with the commodity.

The rising cost of living has been turned into a campaign issue Women's Nike Air Presto Uncaged Ultra Pink Australia , with the Opposition National Super Alliance using it against President Uhuru Kenyatta's government ahead of August polls.

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