Stocks track slump in overseas markets

China's main stock index fell 1.07 percent yesterday, tracking a slump in overseas markets on the global economy's grim prospects, but gains in property shares spurred by a policy support package pulled the index from its lows.

The benchmark Shanghai Composite Index closed at 1875.561 points, its lowest close since November 2006 and extending the previous day's 3.2 percent slump.

It recovered from the day's low of 1828.308, however, after holding above a nearly two-year intraday low of 1802 hit in mid-September, when the government intervened with a market rescue package. Some investors consider that a strong technical support level.