Article: 1st Ld-Writethru: Chinese equities down 1.64 pct on profit taking

1st Ld-Writethru: Chinese equities down 1.64 pct on profit taking

BEIJING, July 21 (Xinhua) -- Chinese equities slipped Tuesday after hitting a 13-month high Monday, posting the biggest one-day decline since June 12.

The benchmark Shanghai Composite Index dropped 1.64 percent, or 18.93 points, to 3,213.21. The Shenzhen Component Index went down 1.52 percent, or 204 points, to 13,177.21.

Combined turnover shrank to 345.91 billion yuan (50.64 billion U.S. dollars) from 350.57 billion yuan on Monday.

Losers outnumbered gainers by 709 to 161 in Shanghai and 619 to 129 in Shenzhen.

Automobile stocks led the losers with six companies falling by more than 5 percent, including Shenzhen Tellus ...

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