SHANGHAI, November 25, 2009 - Chinese shares edged down 0.18 percent by midday Wednesday in cautious trade amid lingering concerns that Beijing may tighten its monetary policy, dealers said.
The Shanghai Composite Index, which covers both A and B shares, was down 5.88 points, at 3,217.64.
The key index shed 3.45 percent in the previous session, marking the biggest single day percentage loss in about three months.
“Yesterday’s tumble didn’t cause a stampede to sell today, so I would say Chinese stocks are holding up pretty well,” Huatai Securities analyst Zhou Lin told Dow Jones Newswires.
But uncertainties posed by an annual government conference on next year’s economic planning, which is expected to be held before the end of this month, continued to weigh on sentiment, traders said.
The Shanghai A-share index fell 6.46 points, or 0.19 percent, to 3,375.17, while the Shenzhen A-share index rose 8.25 points, or 0.67 percent, to 1,242.10.