BEIJING/SHANGHAI: China stocks ended lower on Tuesday, dragged down by materials and energy shares, as investors took profits following a recent rally fuelled by Beijing pledging more policy support. At the close, the Shanghai Composite index was down 0.54% at 3,379.04, while the blue-chip CSI300 index was down 0.42%. Several sub-indexes recorded losses, with the material sub-index dropping 1.75%, while energy and manufacturing sector slipping by 1.73% and 1.35%, respectively.
The smaller Shenzhen index ended down 0.64% and the start-up board ChiNext Composite index was weaker by 1.05%.
The recent rally offered an opportunity for investors to take profits before the year-end, but continued policy support expressed in the latest economic working conference, and signs of economic recovery will back the performance in a long run, said Zhang Qi, an analyst with Haitong Securities.
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