Shares decline on bleak earnings outlook
皇冠体育app Daily | Updated: 2008-12-26 08:03
Chinese stocks slipped 0.61 percent yesterday in thin trade to a fresh six-week closing low as blue chips remained soft on looming expiries of lock-up periods for shares and a bleak outlook for corporate earnings.
The Shanghai Composite Index, which traded narrowly in the morning session on Christmas Day, closed at 1,852.419 points after hitting its lowest level in six-weeks at 1,832.355.
It has lost 5.86 percent over three days earlier this week.
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