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Shares down 2.62% amid weak market sentiment

(Xinhua)
Updated: 2008-08-26 16:29

Chinese equities lost 2.62 percent on Tuesday amid weak market sentiment in response to news that listed companies' profit growth slowed drastically in the first half of 2008 from a year earlier.

The benchmark Shanghai Composite Index slumped 2.62 percent, or 63.29 points, to close at 2,350.08 points. In Shenzhen, the market fell 2.21 percent, or 178.08 points, to close at 7,887.37 points.

Aggregate turnover expanded to 47.2 billion yuan ($6.75 billion) from 40.56 billion yuan on the previous trading day.

Losses outnumbered gains by 772-54 in Shanghai and 646-35 in Shenzhen.