Shares close 0.72% down amid regional market rebounds

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Chinese shares open 2.7 pct lower after Wall Street sell-off
Shares end 1.67% down with investor confidence restoring
Chinese shares open 2 pct lower following Wall Street slump
Profit-taking, slump fears drive Chinese shares down 6.3 pct

(Xinhua)
Updated: 2008-11-21 16:07

Chinese shares dropped by 0.72 percent to close at 1,969 points on Friday amid rebounds on other Asian equities markets.

The benchmark Shanghai Composite Index, which covers both A and B shares, fell 0.72 percent to 1,969 points. The Shenzhen Component Index gained 0.22 percent to 6,711 points.

The slight drop indicated that investor sentiment was boosted by rises in the regional market and expectation of a further interest rate cut over the weekend, said analysts.

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