Fu Chenghao/Shanghai Daily news

Share prices in Shanghai plunged yesterday amid profit taking in such large caps as Sinopec and China Unicom.
The Shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, tumbled 2.03 percent to 1,187.99. The A-share Index plummeted 2.04 percent to 1,248.25 while the B-share Index fell 1.28 percent to 68.35.
Prices have been falling since the benchmark index closed above the one year moving average 1,220 on Monday.
"The index met strong resistance at the level and I think it will take time before it tests this high again," said Lin Xuenong, an investment manager at Huaxia Securities Co.
China United Telecommunications Corp, which controls the nation's second-biggest mobile phone operator, dropped 2.63 percent to 2.59 yuan (32 US cents) after announcing it added 1.2 million subscribers in August, the lowest number for monthly net additions in more than two years.
Asia's top oil refiner China Petroleum & Chemical Corp, or Sinopec, declined 0.11 yuan to 4.08 yuan on concern high crude rates would erode earnings as the government controls oil prices and affiliated products in the country.
Lenders also fell, with Shanghai Pudong Development Bank Co losing 2.53 percent to 8.49 yuan and China Merchants Bank Co dropping 4.85 percent to 6.47 yuan.