Biz News Flash

China stocks close down -- July 7

Updated: 2011-07-07 16:31
Large Medium Small

BEIJING--Chinese shares closed down on Thursday after the central bank hiked one-year interest rates by 25 basis points.

The benchmark Shanghai Composite Index went down 0.58 percent, or 16.21 points, to 2,794.27.

The Shenzhen Component Index dipped 0.26 percent, or 32.75 points, to 12,392.93.