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Chinese shares drop in morning trading

Source: Xinhua| 2018-02-06 12:49:50|Editor: Mengjie
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BEIJING, Feb. 6 (Xinhua) -- China's major stock indices dropped in the morning session on Tuesday.

The benchmark Shanghai Composite Index fell 2.15 percent to close at 3,412.55 points, while the smaller Shenzhen Component Index lost 2.77 percent to 10,536.4 points.

Most stocks dropped, with losers outnumbering gainers by 1,201 to 88 in Shanghai, and by 1,738 to 105 in Shenzhen.

Analysts attributed this to declines in overseas stock markets.

The Shanghai SE 50 Index, which tracks actively traded industry leaders, dropped 1.77 percent.

Shares of home appliance and liquor makers lost with Shanxi Xinghuacun Fen Wine Factory Co. slumping by the daily limit of 10 percent.

Bucking the trend, shares in gold and energy sectors gained. Western Region Gold rose to the daily limit, while Chifeng Jilong Gold Mining Co., surged 6.47 percent.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, shed 2.71 percent to 1,642.49 points.

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