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Shares lower on rate hike expectation

(Xinhua)
Updated: 2007-11-16 17:28

Related readings:

 China's key stock index slightly lower
 Blue chips lead index's rally to 5,400 points

Chinese share prices continued to fall on Friday amid expectation for imminent interest rates hike to curb strong inflation and a surging economy.

The benchmark Shanghai Composite Index, which covers both A and B shares, slipped 49 points, or 0.91 percent, to 5,316.27.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dropped 368.64 points, or 2.16 percent, to 16,728.26.

The Hushen 300 Index, accounting for 60 percent of the nation's stock market value, was down 73.45 points, or 1.45 percent, to 5,007.66.


(For more biz stories, please visit Industry Updates)