Chinese stocks sink to six-week low

Chinese stocks dropped 1.76 percent yesterday to a six-week closing low on thin turnover, weighed down by upcoming expiries of lock-up periods for shares and concerns over weak earnings in the fourth quarter.

The Shanghai Composite Index closed at 1,863.800 points, extending a 4.55 percent loss on Tuesday following disappointment over the central bank's small rate cut.

Losing Shanghai A shares outnumbered gainers by 722 to 198.