Financial and metal shares dent index
Print Edition
SHANGHAI stocks dipped yesterday dragged down by financial shares and blue chips as investors were damped by weak producer and consumer prices.
The Shanghai Composite Index dipped 0.16 percent to 2,860.02 points. For the week, the index saw a weekly gain of 3.49 percent, the biggest weekly advance in more than three months.
Metal producers and financial shares dented the index. China Merchants Bank shed 1.01 percent to 14.75 yuan. The Industrial and Commercial Bank of China lost 0.99 percent to 4.02 yuan.
Shandong Gold Mining Co fell 2.34 percent to end at 21.69 yuan, and Zijin Mining Group Co shed 2.45 percent to close at 3.18 yuan.
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