Chinese shares close down 1.55 percent

Chinese share prices closed 1.55 percent lower on Friday as financial stocks fell on profit-taking and coal producers tumbled on Beijing's latest efforts to limit coal price hikes, dealers said

The benchmark Shanghai Composite Index, which covers both A and B shares, closed 45.19 points lower at 2,865.10 on turnover of 63.9 billion yuan (9.4 billion dollars).

The Shanghai A-share index lost 47.50 points, or 1.56 percent, to 3,005.58 on turnover of 63.7 billion yuan, while the Shenzhen A-share index was down 6.15 points, or 0.68 percent, to 902.95 on turnover of 34.4 billion yuan.

(Agencies)