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Mainland equities drop to lowest point in 3 weeks

Updated: 2012-05-15 07:54
( China Daily)

Mainland equities drop to lowest point in 3 weeks

Investors at a securities company in Haikou, Hainan province. The Shanghai Composite Index fell 0.6 percent to 2,380.73 at the close, the lowest level since April 19. Shi Yan / For China Daily

Stocks on the Chinese mainland fell to the lowest in three weeks after Citigroup Inc and JPMorgan Chase & Co cut their growth forecasts and investors speculated a cut in banks' reserve ratios won't be enough to stem an economic slowdown.

Mainland equities drop to lowest point in 3 weeks

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