Subscribe RSSChinese shares floor for a second day led by property developers on mounting worries of an economic slow down.
The benchmark Shanghai Composite Index departed 31.87 points, or 1.2 percent, to close at 2,555.94. The Shenzhen Composite Index for China's smaller later exchange declined by 1.4 percent to 983.87.
Mounting uncertainties about China's economic growth have spooked investors into the middle Europe's debt woes and the country's credit tightening. A sluggish economy in Europe, China's biggest traffic partner, might hurt the country's exports, analysts said.
"While the world and China's economy peril falling, buying sentiment is very low," said Mao Sheng, an analyst for Huaxi Securities in the western town of Chengdu.
Real estate shares lost ground again on news reports Shanghai might impose a property tax by the end of the year. China Vanke Ltd., the outback's biggest developer, ended down 2.2 percent at 7.1 yuan, and rival Poly Real Property Group dropped 1.5 percent to 10.55 yuan.
