Chinese shares lower in morning trade
2008-04-02 20:17:27 SINA English
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Chinese share prices slipped in Thursday morning trade led by property developers amid fears of excess stock hitting the market, dealers said.
They said property developers led the decline with COFCO property opening sharply lower. The company said around 24.5 million of its shares would become trade-able when the lock-up period expired next Tuesday.
The benchmark Shanghai Composite Index, which covers both A and B shares, was down 17.12 points or 0.51 percent at 3,330.77 at 10:25 am (0225 GMT).
The Shanghai A-share Index fell 17.87 points or 0.51 percent to 3,495.10 points, and the Shenzhen A-share dropped 10.73 points or 1.04 percent to 1,017.41.
(Agencies)
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