China's Largest Broker Plunges on Rumors Over Losses
August 13, 2012 at 09:53 AM EDT
Shares of Shanghai-listed Citic Securities, China's largest brokerage firm, fell by 9.1 percent on Monday after rumors the company had suffered a large 2.9 billion yuan ($460 million) loss on overseas trading. But a spokesperson for the company denied the rumors.
