China stocks fell on Tuesday,
erasing the bulk of their gains the previous session, led lower
by financial and transport firms.

Investors are worried over whether China’s central bank
would follow the U.S. Federal Reserve, which is widely expected
to raise interest rates this week.

** At the close, the Shanghai Composite index was down
41.19 points or 1.24 percent at 3,281.01 points.

** The blue-chip CSI300 index was down 1.32 percent, with its
financial sector sub-index lower by 1.77 percent ,
the consumer staples sector down 0.27 percent, the real estate
index down 0.69 percent and healthcare sub-index down 0.96
percent.

** The smaller Shenzhen index ended down 0.97 percent
and the start-up board ChiNext Composite index was
weaker by 1.01 percent.

** Around the region, MSCI’s Asia ex-Japan stock index
was weaker by 0.29 percent while Japan’s Nikkei
index closed down 0.32 percent .

** At 07:01 GMT, the yuan was quoted at 6.6211 per
U.S. dollar, 0.04 percent weaker than the previous close of
6.6185.

** The largest percentage gainers in the main Shanghai Composite
index were Wenyi Suntech Co Ltd up 10.01 percent,
followed by Tianjin Benefo Tejing Electric Co Ltd
gaining 7.75 percent and Tibet Summit Resources Co Ltd
up by 7.14 percent.

** The largest percentage losses in the Shanghai index were
China Southern Airlines Co Ltd down 6.61 percent,
followed by Sanjiang Shopping Club Co Ltd losing
6.13 percent and Tederic Machinery Co Ltd down by
5.99 percent.

** So far this year, the Shanghai stock index is up 7.04
percent, CSI300 is up 21.3 percent, while China’s H-share index
listed in Hong Kong is up 21.7 percent. Shanghai stocks have
risen 0.15 percent this month.

** About 12.46 billion shares were traded on the Shanghai
exchange, roughly 72.2 percent of the market’s 30-day moving
average of 17.27 billion shares a day. The volume in the
previous trading session was 13.20 billion.

** As of 07:02 GMT, China’s A-shares were trading at a premium
of 30.60 percent over the Hong Kong-listed H-shares.

** The Shanghai stock index is below its 50-day moving average
and above its 200-day moving average.

** The price-to-earnings ratio of the Shanghai index was 14.9 as
of the last full trading day while the dividend yield was 1.9
percent.

** So far this week, the market capitalisation of the Shanghai
stock index has risen by 1.01 percent to 28.92 trillion yuan.