Markets

China's stocks close down Tuesday

(Xinhua)
Updated: 2010-12-28 16:19

BEIJING - China's stocks slid for a fifth day Tuesday as market expectations for further rate hikes from the central bank to trim down inflation stayed.

Related readings:  Stocks trade lower on higher borrowing cost  Stocks fall after PBOC's weekend rate hike  China stocks close down Monday  Stocks in region continue uptrend

The benchmark Shanghai Composite Index fell 1.66 percent, or 46.18 points, to finish at 2,735.22 points.

The Shenzhen Component Index closed down 1.95 percent, or 239.39 points, to end at 12,063.80 points.

Combined turnover was 178.88 billion yuan ($27 billion), down from 224.44 billion the previous trading day.

Losers outnumbered gainers 800 to 107 in Shanghai and 962 to 252 in Shenzhen.