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Banks and liquor makers decline in Shanghai trading
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SHANGHAI stocks edged down 0.12 percent to 2,323.73 points in morning trading, due to a decline in banking shares.
A total of 16 listed banks have announced that growth of their retained profits for the first half of 2014 slowed year-on-year. Bank of Beijing lost 2.53 percent to 7.71 yuan (US$1.26), while China Merchants Bank dipped 1.19 percent to 10.80 yuan.
The liquor and wine sector suffered in the first post-holiday trading, as market demand decreased.
Kweichow Moutai dropped 2.04 percent to 164.10 yuan, while Shanxi Xinghuacun Fen Wine was down 1.76 percent to 16.79 yuan.
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