Off the wire
• Regional bloc deploys Electoral Advisory Council in Lesotho  • Unidentified gunmen attempt to bomb Sudan's embassy in Tripoli  • Foreign exchange rates in Singapore  • Russia regrets Ukraine's decision to tighten border-crossing procedures  • Singapore stocks close 0.28 pct higher  • China offers Guinea Bissau gov't 370 computers  • Nigerian military assures of territorial integrity  • Greek terrorist group claims responsibility for Israeli embassy attack  • Update: Jordan executes al-Qaida prisoners in wake of pilot's death  • China's manned sub Jiaolong floats in ocean for whole night due to crane failure  
You are here: 　 Home

1st LD Writethru: China stocks close down, led by weak financials

Xinhua, February 4, 2015 Adjust font size:

Chinese stocks closed lower on Wednesday, with weak financial shares and oil producers being the main contributors.

The benchmark Shanghai Composite Index declined 0.96 percent to end at 3,174.13 points, far from the intra-day peak of 3,288.98 points. The Shenzhen Component Index fell 0.83 percent to end at 11,116.55 points.

Total turnover on the two bourses expanded slightly to 534.41 billion yuan (87.04 billion U.S. dollars) from 517.2 billion yuan on the previous trading day.

Losers outnumbered gainers by 640 to 251 in Shanghai and by 889 to 513 to Shenzhen.

Share prices of heavyweights, including oil producers, commercial banks and insurers all fell, dragging the benchmark index down, said Chen Wei, an analyst with CITIC Securities.

China's services purchasing managers' index (PMI) grew at its slowest pace in six months in January, according to HSBC Bank (China), marking downward pressure on the economy, also denting investor sentiment.

Oil giant PetroChina went down 2.4 percent to 11.41 yuan. Industrial and Commercial Bank of China fell 2 percent to 4.41 yuan while China Pacific Insurance declining 3.68 percent to 32.74 yuan. Endi