Mainland stocks drop amid slowing growth

Mainland stock market fell sharply yesterday because of slowing corporate profit growth and weak overseas markets.

The Shanghai Composite Index closed down 2.62 percent at 2350.08 points.

Trade was very thin as most investors fled the market. Turnover in Shanghai A shares totaled 31.2 billion yuan, up only slightly from 26.8 billion yuan on Monday, which was its lowest level since November 2006.