Money
China stocks fall to seven month low Tuesday
(Xinhua)
Updated: 2010-05-04 16:37
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Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio for most financial institutions for the third time this year.
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The Shenzhen Component Index fell 1.81 percent to 10,960.77 points.
Total turnover shrank to 141.55 billion yuan ($20.7 billion) from 191.91 billion yuan on the previous trading day.
Losers outnumbered gainers by 533 to 347 in Shanghai and 488 to 429 in Shenzhen.
