Shanghai Composite drops 0.49% on profit booking

Mainland China share market ended softer in volatile trade on Tuesday, 10 March 2015, amid concerns about tighter liquidity as 23 companies will launch IPOs this week, potentially locking 3 trillion yuan of capital from investors subscribing for the new issues. The latest economic readings also weighed on the market, with China's consumer inflation accelerating to 1.4% in February, but not enough to dispel policy makers' worries over possible deflation, as factory prices extended their prolonged fall amid a slowing economy. The Shanghai Composite Index closed down 16.34 points, or 0.49%, to 3286.07. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, declined 17.14 points, or 0.48%, to 3520.61.

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