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Chinese shares fall over 1% on stamp duty rumor
(Xinhua)
Updated: 2010-03-25 17:07
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BEIJING: Chinese equities declined more than 1 percent on Thursday over market rumors that stamp tax on trading might increase in April.
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The Shenzhen Component Index went down 1.65 percent, or 203.14 points, to end at 12,086.9 points.
Combined turnover stood at 196.43 billion yuan ($28.8 billion), up from 191.9 billion yuan on the previous trading day.
Losers outnumbered gainers by 708 to 166 in Shanghai and 594 to 300 in Shenzhen.
