Money

China shares fall to 2-month low

(Agencies)
Updated: 2011-04-28 16:48

China's main stock index fell for the fifth day in a row on Thursday amid vague market talks of a policy change ahead of a long weekend, pushing down property and cement issues.

Related readings:  China's GDP to grow 9.6% in 2011: IMF  World Bank raises China 2011 GDP forecast  China stocks close lower Tuesday  China stocks close lower Monday

The benchmark Shanghai Composite Index finished at 2,887.0 points, breaking through the 2,900 point to a two-month low, after falling 0.5 percent on Wednesday.

Shanghai's B-share index of dollar-denominated stocks fell 2.8 percent after falling over 7 percent in early trading due to profit-taking.

Wang Aochao, head of research at UOB Kay Hian, said the sharp falls in B-share were a correction to the recent steep rise.