Shanghai stocks end lower

Hu Yumo
Cautious investors decide to take the profits from earlier gains, with brokerages, auto companies and financial enterprises among the biggest losers.
Hu Yumo

Shanghai stocks ended slightly lower on Tuesday as investors took profits in earlier gains.

The Shanghai Composite Index lost 0.11 percent to close at 2,880.00 points.

Shares in brokerages, automotive companies and financial enterprises were among the biggest decliners.

Investors became cautious after the gauge jumped more than 2 percent on Monday. Brokerage shares retreated 0.82 percent on Tuesday as investors chose to sell their stocks.

Central China Securities Co Ltd lost 1.61 percent to 4.90 yuan (69 US cents). Zhengzhou Yutong Bus Co Ltd fell 1.49 percent to 13.22 yuan.

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