SHANGHAI (XFN-ASIA) - China shares were lower in early trade as investors continued to sell property stocks on mounting concerns the government will tighten policy on the real estate market by the weekend, dealers said.
At 9:46 am, the benchmark Shanghai Composite Index fell 24.51 points or 0.46 pct to 5,314.07, after opening down 0.41 points.
China Vanke Co Ltd (SZA 000002; SZB 200002) lost 0.87 yuan to 28.99, while Finance Street Holding Co Ltd (SZA 000402) shed 0.89 yuan to 32.20.
(1 usd = 7.51 yuan)
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