Chinese shares down in morning trade

2008-04-14 20:19:57 SINA English

Chinese share prices were down 0.19 percent in Tuesday morning trade amid continued weak sentiment following their biggest one-day percentage plunge in over two months, dealers said.

Property developers continued to fall further as investors apparently shrugged off news of strong profit forecasts and the central bank's denial of new restrictions to curb speculative property investments.

The benchmark Shanghai Composite Index, which covers A and B shares, was down 6.31 points to 3,290.36.

The Shanghai A-share index lost 6.56 points or 0.19 percent to 3,452.44 points, while the Shenzhen A-share index shed 0.22 points or 0.02 percent to 1,059.00.

The Shanghai Composite fell 5.62 percent on Monday, the biggest one-day percentage loss since January 28.

(Agencies)