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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Chinese shares fall in slow preholiday trading AP - 2 hours 33 minutes ago SHANGHAI, China - Chinese stocks fell for a seventh straight session on Tuesday, as banks and property developers led a broad decline in lackluster trading. The benchmark Shanghai Composite Index fell 1 percent, or 17.57 points, to 1,832.91. The Shenzhen Composite Index of China's second, smaller market fell 0.8 percent to 560.43. Investors have stayed on the sidelines ahead of the New Year holiday, which begins on Thursday, seeing little reason to make major moves, analysts said. "It's boring as usual. There's no hot news," said Gui Haoming, an analyst at Shenyin Wanguo Securities, in Shanghai. Industrial & Commercial Bank of China, the country's biggest lender, fell 1.9 percent to 3.57 yuan, and Bank of China dropped 1.7 percent to 2.97 yuan. Leading property developer China Vanke shed 1.7 percent to 6.50 yuan and Poly Real Estate lost 3.2 percent to 14.41 yuan. The Shanghai benchmark has fallen about 65 percent this year, despite repeated attempts by regulators to spur buying. Those moves have been stymied by gloomy expectations for corporate earnings, as well as worries over pending releases of previously untraded shares. Airlines also fell Tuesday after major carrier China Eastern Airlines said it was getting a 7 billion yuan ($1 billion) bailout from its parent company _ more than double the originally planned injection. China Eastern fell 3.7 percent to 4.49 yuan, Air China tumbled 4.6 percent to 4.16 yuan and China Southern Airlines slipped 0.3 percent to 3.31 yuan. In currency dealings, the Chinese yuan strengthened to 6.8333 to the U.S. dollar, from its close Monday at 6.8462. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Airlines 'shrinking by all measures' - IATAReuters - 24 minutes ago Rosneft expects its '09 oil output to grow slightlyReuters - 28 minutes ago Gaza dominates Gulf leaders summitAP - 31 minutes ago World markets gain, led by higher energy stocksAP - 36 minutes ago Indian 10-yr bond yield falls to lowest since May '04Reuters - 36 minutes ago Most Popular – Business Viewed Actress Jennifer Aniston appears naked in GQ magazine Obama economic plan to cost between 675 and 775 bln: aides Two thousand and strange: offbeat stories of the year Natural disasters 'killed over 220,000' in 2008 International community piles pressure on Israel View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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