Chinese shares were 2.01 percent lower by midday Wednesday, led by financial and real estate companies amid concerns over weak second-quarter earnings, dealers said. 把英語三級加入收藏夾
The benchmark Shanghai Composite Index, which covers A and B shares, was down 49.09 points at 2,390.09. The key index saw its highest close in more than seven months in the previous session.
"There are no real fundamentals to support the recent stock gains... Falls in the global stocks are also pressuring local shares," Wu Feng, an analyst at TX Investment, told Dow Jones Newswires.
The Shanghai A-share index fell 51.59 points, or 2.01 percent, to 2,508.69, while the Shenzhen A-share index shed 11.88 points, or 1.40 percent, to 837.90.
The benchmark Shanghai Composite Index, which covers A and B shares, was down 49.09 points at 2,390.09. The key index saw its highest close in more than seven months in the previous session.
"There are no real fundamentals to support the recent stock gains... Falls in the global stocks are also pressuring local shares," Wu Feng, an analyst at TX Investment, told Dow Jones Newswires.
The Shanghai A-share index fell 51.59 points, or 2.01 percent, to 2,508.69, while the Shenzhen A-share index shed 11.88 points, or 1.40 percent, to 837.90.