Money

Chinese shares close down Thursday

(Xinhua)
Updated: 2010-04-08 16:08

Chinese equities fell for a second day Thursday, led by market heavyweights, in the wake of the resumption of 3-year central bank bills which ignited concerns of further liquidity tightening.

Related readings:  Stocks dip on policy concerns  China stocks poised to extend gains  Stocks post biggest 2010 weekly gain  China stocks to 'break out'

The benchmark Shanghai Composite Index dropped 0.94 percent, or 29.51 points, to end at 3,118.71 points. The Shenzhen Component Index closed at 12,427.00 points, down 204.97 points, or 1.62 percent.

Combined turnover was 258.44 billion yuan ($37.84 billion), up from 229.82 billion yuan on the previous trading day.

Losers outnumbered gainers by 511 to 352 in Shanghai and 542 to 349 in Shenzhen.

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