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Chinese share prices fall %1.97
+ -
15:55, November 27, 2007

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Chinese share prices dropped 1.97 percent on Tuesday as heavyweight oil and banking stocks continued to lead the downward trend.

The market was dampened as China's benchmark index showed great volatility and failed to recover after closing at a three-month low the previous day, said analysts.

The index is likely to go on declining in the short run, they said, warning that investors should remain cautious about entering the market.

The key Shanghai Composite Index, which covers both A and B shares traded on the Shanghai Stock Exchange, slipped 97.74 points to 4,861.11 points.

The Shenzhen Component Index was down 376.18 points, or 2.34 percent to close at 15681.01 points.

Source:Xinhua



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