Chinese shares fall over FDI data

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Chinese shares ended lower on Tuesday as official data indicated a slowdown in foreign direct investment (FDI) in August.

The benchmark Shanghai Composite Index was down 2.05 percent, or 45.84 points, to finish at 2,185.56. The Shenzhen Component Index fell 1.91 percent, or 165.22 points, to finish at 8,493.78.

Combined turnover on the two bourses shrank to 239.9 billion yuan (38.94 billion U.S. dollars) from 244.5 billion yuan in the previous trading day.

China attracted 8.38 billion U.S. dollars in FDI in August, up 0.62 percent year on year, the Ministry of Commerce said on Tuesday.

The increase was down sharply from a 24.13 percent jump in July and a 20.12 percent growth in June, but higher than May's growth rate of 0.29 percent.

The property sector dropped remarkably. China Vanke Co., the nation's biggest listed property developer, was down 3.23 percent to 9.60 yuan per share. Poly Real Estate Group Co. sunk 3.73 percent to 10.59 yuan per share.

The financial sector also retreated. Industrial and Commercial Bank of China Ltd., the nation's biggest lender, went down 1.26 percent to 3.93 yuan per share. China Construction Bank Corp., another bank heavyweight, shrank 1.35 percent to 4.40 yuan per share.

Stocks of Shanghai free trade zone also dropped remarkably.

China is to have a two-day public holiday on Thursday and Friday to celebrate the Mid-Autumn Festival.

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