Markets

China's stocks down, led by weak bank shares - Aug 3

(Xinhua)
Updated: 2010-08-03 16:15

BEIJING - China's stocks fell on Tuesday, led by drops of banks on concerns that the government would not relax its curbs on bank lending in spite of an economic slowdown.

The benchmark Shanghai Composite Index slid 1.70 percent, or 45.51points, to end at 2,627.00 points.

Related readings:  Rising mainland stocks extend best monthly gain in a year  China's stocks rise Monday  China's stocks decline Friday

The Shenzhen Stock Index lost 1.58 percent, or 174.05 points, to 10,830.70 points.

Total turnover expanded to 241.68 billion yuan ($35.68 billion) from 209.41 billion yuan on the previous trading day.

Losers outnumbered gainers by 746 to 130 in Shanghai and 413 to 67 in Shenzhen.