Markets

China stocks drop after fuel price hike

(Xinhua)
Updated: 2010-12-22 16:23

BEIJING - Chinese equities closed lower on Wednesday as the benchmark Shanghai Composite Index dropped 0.9 percent, or 26.21 points, to close at 2,877.9 points.

Related readings:  China's stocks close lower Monday  China's stocks close lower Friday  China's stocks close lower Thursday  China's stocks close lower Wednesday

The Shenzhen Component Index lost 0.82 percent, or 105.49 points, to close at 12,766.95 points.

Combined turnover shrank to 239.84 billion yuan ($36.03 billion) from 259.64 billion yuan on the previous trading day.