Blue chips lead losers in morning trade

By Lydia Chen | November 23, 2011, Wednesday |

Online Edition

SHANGHAI'S stock market extended losses in the morning session for a sixth day under the weight of falling blue chips as concerns over the country's future growth take their toll.

The Shanghai Composite Index shed 0.32 percent to 2,404.80. Turnover remained low at 27 billion yuan (US$ 4.25 billion) in morning trading.

Financials were the worst hit this morning. Haitong Securities tumbled 3.92 percent to 8.34 yuan. Ping An Insurance, the country's largest insurer, lost 1.49 percent to 35.80 yuan.

Cement producers extended yesterday's slide over concerns that slowing growth at home and abroad would reduce demands for the material.

Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd lost 1.30 percent to 13.69 yuan.

Finance

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Blue chips lead losers in morning trade

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