Money

China's stocks drop to 15-mth low Monday

(Xinhua)
Updated: 2010-07-05 16:40

Chinese shares fell Monday, with the benckmark index down 0.8 percent to hit 15-month low, led by coal and non-ferrous metal producers.

Related readings:  Economic policy faces rising challenges  China State economist sees no big slowdown  Is China's economy headed for a hard landing?  China's HSBC Services Index falls to 15-mth low

The major gauge Shanghai Composite Index retreated 0.8 percent, or 18.95 points, to end at 2,363.95 points, the lowest since April 2009.

The Shenzhen Stock Index sank 0.62 percent, or 56.86 points, to 9,171.03 points.

Total turnover stood at 86.16 billion yuan ($12.72 billion), a drastic drop rom 117.8 billion yuan on the previous trading day.

Losers outnumbered gainers by 606 to 254 in Shanghai and 608 to 349 in Shenzhen.