Off the wire
• NBA results/standings on Tuesday  • Dutch team back in Netherlands after Hanover terror threat  • China Focus: McDonald's controversially opens in historical residence  • U.S. president calls on world leaders to address climate change, use clean energy  • China treasury bond futures close lower Wednesday  • China's rail freight drops faster in October  • China Hushen 300 index futures close lower Wednesday  • 2nd LD: Gunshots heard in north Paris as police hunt down terror suspects  • 1st LD: APEC summit starts in Manila, Xi to elaborate China's views on Asia-Pacific cooperation  • 1st LD Writethru: Bangladesh's supreme court upholds top opposition leaders' death sentences  
You are here: 　 Home

1st LD-Writethru: Chinese shares close lower on Wednesday

Xinhua, November 18, 2015 Adjust font size:

China's stocks continued to drop on Wednesday, with the benchmark Shanghai Composite Index down 1.01 percent to close at 3,568.5 points.

The smaller Shenzhen index lost 1.82 percent to close at 12,283.8 points.

Total turnover on the two bourses narrowed to 943.1 yuan (148 billion U.S. dollars) from 1.27 trillion yuan the previous trading day.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, went down 2.06 percent to close at 2,661.2 points.

In the afternoon session, strong banking shares briefly pulled the Shanghai index into positive territory, but the gains lost ground by close.

Securities led the drops on Wednesday, with Western Securities plunging 9.16 percent to end at 37.11 yuan.

Bucking the trend, property and banking shares performed well. China Vanke, the country's largest property developer by market value, rose 4.79 percent to close at 14.67 yuan.

Data on Wednesday showed China's real estate sector reported slower recovery in October with a weaker price increase, mainly dragged down by persistent oversupply problems.

Of 70 large and medium-sized cities surveyed in October, new home prices climbed month on month in 27, down from 39 in the previous month. Endi