China stocks down 1.7 pct

China's stock index ended 1.7 pct lower on Tuesday,easing off a 2.5 month high.

China’s key stock index ended 1.7 per cent lower on Tuesday,easing off a two-and-a-half month high,weighed down by concerns over more capital raising.

The Shanghai Composite Index ended at 2,627 points,reversing a 1.3 per cent rise on Monday. The index has risen about 11 per cent over the last month.

Analysts said share market volume had picked up and Tuesday’s fall could be temporary.

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Funds are continuing to flow into the market so the uptrend is not finished for now,said Cheng Yi,an analyst at Xiangcai Securities in Shanghai.

Medium-sized Chinese brokerage GF Securities said on Tuesday it planned to raise up to 18 billion yuan ($2.65 billion) in a private share placement to help it expand core businesses including underwriting share issues.

Turnover in Shanghai A shares increased to 130 billion yuan ($19.19 billion) from 110 billion yuan on Monday.

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Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

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