Shanghai Composite ends 1.4% lower

Mainland China share market closed at a one-week low on Wednesday, 28 January 2015, extending losses into a second session. Profit booking continued amid concerns about economic weakness fueled by sharp fall in the profit growth at Chinese industrial sector in December. Meanwhile selloff pressure mounted on concern inflows into equities will slow after some banks reduced leverage for trust products investing in shares. Among sectors, selloff pressure witness across the SSE sectors, with Financials and property counters being the biggest percentage losers. The benchmark Shanghai Composite Index slid 1.4%, or 47.41 points, to close at 3305.55.

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