Stocks sink on economic woes

SHANGHAI: Chinese shares declined yesterday, with the key Shanghai index falling 2.28 percent, as bleak November economic data exacerbate fears of worsening profitability of companies.

The benchmark Shanghai Composite Index fell 47.44 points to 2,031.68 in active trade.

Declining stocks outnumbered advancing ones by 742 to 142. The smaller Shenzhen Component Index also fell 1.72 percent, or 128.8 points, to 7,361.49 points.