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Stocks end week lower on concern over rising oil prices
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Chinese equities fell for a second consecutive day on Friday, led lower by transport and oil companies as rising world crude oil prices renewed concerns that higher fuel costs would erode corporate earnings.

The benchmark Shanghai Composite Index fell 1.09 percent, or 26.49 points, to close at 2,405.23. In Shenzhen, the market dropped 1.71 percent, or 141.35 points, to close at 8,101.68.

Aggregate turnover shrank to 52.65 billion yuan (US$7.71 billion), from Thursday's 68.4 billion yuan.

Losses outnumbered gains by 606-194 in Shanghai and 544-122 in Shenzhen.

(Xinhua News Agency August 22, 2008)
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