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Shanghai Composite Index down 2.05 percent on Tuesday

02-25-2014 21:34 BJT

On Tuesday, stock trading has been subdued, amid speculation a weaker property market and falling yuan will curb corporate earnings. China’s stocks dropped, sending the benchmark index to its biggest retreat in five months.

The benchmark Shanghai Composite Index dropped 2.05 percent, while the Shenzhen Component Index lost 3.16 percent on Tuesday. Investors are afraid that property financing curbs will probably be prolonged.

As a result, China’s property developing giants Vanke and Poly Real Estate shed 1.8 percent and 1.5 percent respectively. There are also concerns that the slowdown in the property sector will spill over to other industries.

Editor:James |Source:

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