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Shares end 1.67% down with investor confidence restoring

(Xinhua)
Updated: 2008-11-20 15:35

BEIJING -- Chinese shares dropped 1.67 percent to close at 1,983 points on Thursday despite sharp falls on other global equities markets.

Related readings:  Chinese shares open 2 pct lower following Wall Street slump  Chinese shares close above 2,000 points after 6% gain  Chinese shares rebound 6% on Wall Street rally

The benchmark Shanghai Composite Index, which covers both A and B shares, fell 1.67 percent to 1,983 points. The Shenzhen Component Index lost 0.25 percent to 6,696 points.

The relatively slighter falls resulted from rising investor confidence over a series of polices taking by the central government to stimulate economic growth, analysts said.