Shanghai stocks fell on Monday to snap an 11-session winning streak, with gains in banking and real estate firms offset by resources and industrial shares, as investors took profits after recent bull run.
China’s bank lending halved in December as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny.
At the close, the Shanghai Composite index was down 18.95 points or 0.55 percent at 3,409.99. The blue-chip CSI300 index was flat, with its financial sector sub-index higher by 1.59 percent, the consumer staples sector down 0.36 percent, the real estate index up 2.12 percent and healthcare sub-index down 0.62 percent.
Source : Reuters