Property, autos lead decline
China Daily | Updated: 2010-03-12 08:03
SHANGHAI - Most mainland stocks fell, led by automakers and developers, after inflation accelerated and new loans exceeded forecasts, boosting the prospect for higher interest rates.
More than two stocks fell for each one that rose on the Shanghai Composite Index, which gained 2.36, or 0.1 percent, to 3051.28 at the close. The CSI 300 Index slipped 0.1 percent to 3276.71.
SAIC Motor slumped 2.9 percent to 20.51 yuan. FAW Car Co dropped 3.3 percent to 22.53 yuan. Anhui Jianghuai Automobile Co slid 4.7 percent to 10.71 yuan.
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