Markets

China stocks down Monday, adding to monthly losses

(Xinhua)
Updated: 2010-05-31 16:30

BEIJING: Chinese shares declined Monday, led by weak property with the benchmark Shanghai Composite Index shedding 9.7 percent for the month of May.

The Shanghai Composite Index closed down 63.62 points, or 2.4 percent, at 2,592.15 points Monday.

Related readings:  China stocks close slightly lower, led by weak property - May 28  China IPOs post world's biggest gains of 2010  China's stocks close up on - May 27

The Shenzhen Component Index lost 2.78 percent, or 291.48 points, to 10,204.17 points.

Total turnover fell to 163.8 billion yuan ($24 billion), down from 187.41 billion yuan on the previous trading day.

Losers outnumbered gainers by 798 to 72 in Shanghai and 833 to 102 in Shenzhen.