Poly Real Estate Group plummeted 10%, the maximum allowed for one day.

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Gemdale rose 1.7% and Poly Real Estate Group added 2%, while Bank of China improved by 1.7% and China Life Insurance advanced 1.6%.

WSJ: Asia Markets Finish Mixed

As a cofounder of Poly Real Estate Group, Zhang owns over 200 million shares in the company, which is one of the main sources of his wealth.

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Some property companies recovered from losses brought about by fear of further tightening in the housing market: Poly Real Estate Group added 1.4% and China Merchants Property Development rose 1.6%.

WSJ: Asian Shares Mixed Amid Weak Europe Data

The group of four entrepreneurs from NYU-Poly have created Presseract, a web app that allows users to subscribe to their favorite news sites on a single, shareable page.

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