Stocks decline 1.1% on Wall Street woes

China's main stock index fell yesterday because of concern about the weakness of the US financial system, but it came off its lows after nearing major technical support.

The Shanghai Composite Index ended down 1.05 percent at 2071.431 points, after hitting a one-month low of 2037.024 in the morning. Analysts see strong support around 2000 points, which was resistance in late December and January.

Turnover in Shanghai A shares rose to 79.8 billion yuan from Monday's one-month low of 72 billion yuan, but remained below its levels for most of the past month.