HONG KONG, June 17 China shares fell on Tuesday
after data showed the amount of new foreign direct investment
(FDI) that China attracted in May shrank by the most in 16
The Shanghai Composite Index slid 0.9 percent at
2,066.70 points, while the CSI300 of the leading
Shanghai and Shenzhen A-share listings lost 1.0 percent. It was
the biggest one-day loss for both indexes since May 19.
The financial sector was broadly weaker with banks being the
biggest index drags. Industrial and Commercial Bank of China
shed 1.3 percent and smaller Industrial Bank
slumped 1.5 percent.
Brokerages also underperformed, with the two biggest listed
players Citic Securities and Haitong Securities
down 0.9 and 0.7 percent, respectively. Mainland
media said securities firms are becoming targets for China's
Property giant China Vanke declined 1.7 percent
to a three-week low after a drop of 2 percent on Monday, while
Poly Real Estate Group was down 3.3 percent, ahead
of Wednesday's release of China's May house-price figures.
(Reporting by Grace Li; Editing by Richard Borsuk)