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Growth concerns pull down prices

By Bloomberg | China Daily | Updated: 2015-10-20 08:41

Technology, telecom, industrial shares decline as sluggish economic figures pose questions

Stock prices fell on Monday, dragging the benchmark index from an eight-week high, after economic data released during the day revealed the weakest quarterly expansion since 2009.

The Shanghai Composite Index slipped 0.1 percent to 3,386.70 points at the close, erasing an advance of as much as 1 percent, as five stocks dropped for every three that gained. Technology and telecom firms, the best performers over the past week, led the declines. Brokerage shares rose as market turnover jumped to a seven-week high in Shanghai and margin debt increased for a seventh day.

Growth concerns pull down prices

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