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China shares down 3.2% after Wall Street decline

(Xinhua)
Updated: 2008-10-22 17:25

Chinese stocks fell for a second day on Wednesday following Wall Street sell-offs and on worries a slowing economy could dent corporate profits.

The benchmark Shanghai Composite Index dropped 62.71 points, or 3.20 percent, to 1,895.82. The Shenzhen Component Index retreated 111.14 points, or 1.74 percent, to 6,278.04.

Losers outnumbered gainers by 720 to 144 in Shanghai and 533 to 178 in Shenzhen.