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Chinese shares slid 2% over weak sentiment

(Xinhua)
Updated: 2008-04-17 16:00

Chinese shares fell 2.09 percent on Wednesday as investors remained cautious and inflation data affected power and steel shares.

The benchmark Shanghai Composite Index shed 68.86 points to 3,222.7, the lowest level since March 30 last year.

The index was 47 percent off from October, when the share prices set an all time high of 6124.04.

The Shenzhen Component Index dropped 400.19 points, or 3.32 percent, to 11,657.08.

Losers outnumbered gainers by 715 to 80 in Shanghai and by 565 to 51 in Shenzhen. Aggregate turnover rebounded to 90.2 billion yuan (about $12.9 billion) from 79.2 billion yuan on Wednesday.