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Chinese shares sink 3.39% over concern about economy

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Chinese equities fell 3.39 percent on Monday amid renewed concern about the country's economy as a range of February economic data are due to release since Tuesday, analysts said.

The benchmark Shanghai Composite Index dropped 3.39 percent, or 74.26 points, to 2,118.75. The Shenzhen Component Index was down 3.67 percent, or 303.09 points, to 7,946.8.

Combined turnover was 158.1 billion yuan (US$23.1 billion), slight down from 159.88 billion yuan on previous trading day.

Losses led gains by 777 to 99 in Shanghai and 651 to 99 in Shenzhen.

(Xinhua News Agency March 9, 2009)

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