HONG KONG, March 12 Shanghai shares closed at
their lowest in nearly eight weeks on Wednesday, as weakness in
retailers offset strength for property counters which stemmed
from hopes China would not put additional curbs on that sector.
The Shanghai Composite Index ended down 0.2 percent
at 1,997.7 points, the lowest closing since Jan. 20. The CSI300
of the largest Shanghai and Shenzhen A-share listings
inched up 0.3 percent.
More China macroeconomic data is due on Thursday and could
add to slowdown fears after a disappointing series of February
data during recent days. While this has sparked some talk of
monetary easing, physical commodities markets have taken a
Reuters reported exclusively on Wednesday that a reserve
requirement cut for banks would be triggered if China's annual
growth slips below 7.5 percent and towards 7.0 percent, citing
sources involved in internal policy discussions.
(Reporting by Clement Tan; Editing by Richard Borsuk)