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Shares close down 2.5% on weak confidence

(Xinhua)
Updated: 2008-06-23 15:54

Chinese shares sank on Monday's trading on weak confidence, with heavyweights, particularly PetroChina and Sinopec, leading the downward adjustment.

The benchmark Shanghai Composite Index lost 2.52 percent, or 72.32 points, to 2,760.42 points.

The Shenzhen Component Index went down 1.44 percent, or 134.83 points, to 9,238.86 points.

Combined turnover on the two bourses shrank drastically to 64.49 billion yuan ($9.23 billion) on Monday, down from 113.81 billion yuan on the previous trading day.