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Article: 2nd Ld-writethru: Chinese shares end seven days gains, decline on economic data release
- Article from:
- Xinhua News Agency
- Article date:
- May 11, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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2nd Ld-writethru: Chinese shares end seven days gains, decline on
economic data release
BEIJING, May 11 (Xinhua) -- After rising for seven consecutive
trading days, Chinese shares declined 1.75 percent on Monday as
caution returned upon the release of official economic statistics.
The benchmark Shanghai Composite Index declined 1.75 percent, or
45.9 points, to close at 2579.75. The Shenzhen Component Index
dropped 3.09 percent, or 314.27 points, to 9868.79.
Encouraged by a Wall Street rally on Friday, shares on both
bourses opened higher and hit record highs of 2,663 and 10,347
points in the morning, but went lower despite the strong performance
of blue-chip stocks.
China's consumer ...