China stocks dip 0 3 mood sours as economy slows

Chinese stocks
dipped 0.29 percent on Friday in thin trade, slipping for a fifth day in a row as sentiment remained weak while
government data on industrial profits highlighted the economy's slowing growth.

The Shanghai Composite Index ended a narrowly range-bound morning session at 1,847.107 points, extending Thursday's drop to the lowest close in six weeks.

Losing Shanghai A shares outnumbered gainers by 602 to 264. Turnover in Shanghai A shares shrank to 16.4 billion yuan ($2.4 billion) from Thursday morning's 19.7 billion yuan.

Chinese industrial firms earned a combined 2.41 trillion yuan in profits in January through November, up 4.9 percent from a year earlier, the National Bureau of Statistics said on Friday.

That compared with profit growth of 36.7 percent in the first 11 months of 2007.

http://economictimes.indiatimes.com/Markets/Global_Markets/China_stocks_dip

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China stocks dip 0 3 mood sours as economy slows