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Profit-taking pressure
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SHANGHAI shares yesterday fell for a second day as the market faced profit-taking pressure.
The Shanghai Composite Index slid 1 percent to close at 3,568.47. The index has risen 22 percent since the August low.
Brokerages lost what they gained on Tuesday, with Everbright Securities sinking 6.65 percent to 23.99 yuan (US$3.76).
Technology stocks were among the biggest decliners. China Avionics Systems Co plunged 5.27 percent for the biggest loss since October 28 to 26.81 yuan. However, technology companies remained the best performers this year among industry groups, gaining 46 percent.
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