Chinese stocks end week lower on concern over rising oil prices
22/8/2008 17:19
Chinese equities fell for a second consecutive day today, led lower by
transport and oil companies as rising world crude oil prices renewed concerns
that higher fuel costs would erode corporate earnings.
The benchmark Shanghai
Composite Index fell 1.09 percent, or 26.49 points, to close at 2,405.23. In
Shenzhen, the market dropped 1.71 percent, or 141.35 points, to close at
8,101.68.
Aggregate turnover shrank to 52.65 billion yuan (US$7.71 billion),
from yesterday's 68.4 billion yuan.
Losses outnumbered gains by 606-194 in
Shanghai and 544-122 in Shenzhen.
Xinhua
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