China stocks drop 2.71% on weakening heavyweights

2008-10-14 07:39:08 GMT2008-10-14 15:39:08 (Beijing Time) Xinhua English

BEIJING, Oct. 14 (Xinhua) -- Chinese shares plunged 2.71 percent on Tuesday despite early rise in the morning, as heavyweight shares weakened after previous rebounds.

The benchmark Shanghai Composite Index declined 56.25 points to end at 2,017.32 points. The Shenzhen Component Index closed at 6,473.12 points, down 1.5 percent.

Aggregate turnover edged up to 76.8 billion yuan (11.3 billion U.S. dollars) from previous day's 57.6 billion yuan.

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