Chinese shares lower in morning trading

Chinese share prices fell 1.48 percent in Friday morning trade, led lower by financial stocks and property developers as the market tracked losses on Wall Street overnight, dealers said.

The benchmark Shanghai Composite Index, which covers A and B shares, was off 43.04 points at 2,867.25.

The Shanghai A-share index was down 45.28 points, or 1.48 percent, to 3,007.81, while the Shenzhen A-share index dropped 5.78 points, or 0.64 percent, at 903.33.

(Agencies)