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Indices fall as investors sell loss-makers' shares.
(From Business Daily Update)
Author: China's A and B shares fell on April 7 after investors sold loss-makers such as Ji'nan Qingqi Motorcycle, although car stocks bucked the trend, brokers said. Shanghai's B-share index nudged down 0.75 percent to 123.744 points while Shenzhen's edged down 0.67 percent to 211.37. Hard-currency B shares are available to Chinese and foreign investors. "Punters unloaded loss-makers to avoid getting trapped," said analyst Zhang Qi of Haitong Securities. Motorcycle maker Ji'nan Qingqi was the biggest decliner among Shanghai B shares, falling 4.96 percent to 32.6 US cents. The company warned investors of a possible delisting after a heavy …
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