Fu Chenghao/Shanghai Daily news

Shanghai shares fell yesterday for the consecutive third session on sustained profit-taking of such heavyweights as China Petroleum & Chemical Corp.
The Shanghai Composite Index, which groups yuan-denominated A shares and foreign-currency B shares, slipped 0.70 percent to 1,146.39. The A-share Index slid 0.70 percent to 1,205.08 while the B-share Index shed 0.52 percent to 63.29.
Sinopec Corp, Asia's top oil refiner, fell 1.57 percent to close at 4.39 yuan (54 US cents). That compared with a 3.46 percente drop in the previous session as oil prices dropped a little.
"The company's performance always impacts the index. Its downturn was followed by other large caps such as China Unicom. Then the whole market went down," said Wei Wei, a West China Securities Co trader.
Sinopec Shanghai Petrochemical Co, a unit of Sinopec Corp, lost 1.90 percent to 3.62 yuan.
Turnover on the benchmark Shanghai composite index fell to 8.14 billion yuan from 10.04 billion yuan in the previous session.
"Less trading volume showed the market was dull," Wei said. "The market remains in a correction mode while investors are looking for incentives."
China's biggest steelmaker Baoshan Iron & Steel Co closed flat at 4.46 yuan. However, its warrants - offering holders a per-share price of 4.5 yuan on August 30, 2006 - dived 15.43 percent to 1.409 yuan.