where the composite index lost 3 percent.

1 yuan = 14 U.S. cents


Declining stock values for property developers, oil companies and financial firms led the latest decline.
The Shanghai index has lost more than 49 percent in market capitalization since 2008 began.
The Shanghai Composite Index retreated July 1 to a new low for the year,polo ralph lauren, closing at 2651.61,chaussure louboutin, down more than 3 percent from the previous trading day.
Property,polo ralph lauren pas cher, oil and financial stocks suffered another bad day on the Shanghai bourse, where the composite index lost 3 percent.

On the Shanghai exchange,ralph lauren pas cher, prices fell for 710 stocks while 45 others finished unchanged. Another 138 stocks advanced.


The benchmark CSI 300 retreated 3.35 percent,abercrombie and fitch, down 93.47 points, led by declines for financial stocks China Merchants (SHSE: 600036),maillot football, which fell nearly 10 percent to 21.08 yuan a share,nike mercurial vapor, and CITIC Securities (SHSE: 600030), which retreated 7.32 percent to close the day at 22.17 yuan.



By staff reporter Wang Zhen
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Share price pressure also continued for Chinese oil companies. Downstream supplier Sinopec (SHSE: 600028) saw its value lose another 4 percent to close at 9.74 yuan on falling trading volumes. PetroChina (SHSE: 601857) declined 3.15 percent to 14.73 yuan; the company's stock has lost nearly 70 percent of its value since launching an IPO at 48.62 yuan a share last year.
After U.S. entertainment giant Disney silenced a rumor by saying it would not launch an entertainment project in Shanghai, several property stocks posted significant losses, reversing Monday's gains. Pudong Jinqiao (SHSE: 600639) lost 7.86 percent to close at 9.5 yuan a share,polo ralph lauren pas cher, while Wanke (SZSE: 000002) fell 6.1 percent to end the day at 8.46 yuan.
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