China shares fall to 7-month low on worries over interest rate hike, earnings

: Chinese pillory drop to a seven-month low Monday as investors sold on concerns over a possible involvement charge per unit tramp to counter rising prices and over slower growing in corporate earnings.

The benchmark Shanghai Complex Index tumbled 3.6 percentage or 154.21 to 4,146.30, its last stopping point since July 20, when it ended at 4,058.85. The Shenzhen Complex Index drop 3.7 percentage to 1,319.01.

China's rising prices information for February is calculate to lift to 7.8 percentage from a twelvemonth earlier, the fastest addition in 11-and-a-half years, strengthening outlooks of a possible involvement charge per unit hike, analysts said.

Financial companies led the decline. People'S Republic Of People'S Republic Of China Minsheng Banking drop 6.2 percentage to 12.68 yuan, while China Merchants Depository Financial Institution slipped 6.5 percentage to 31.00 yuan.

Analysts have got begun cutting their 2008 net income growing forecasts, said Lithium Nian, an analyst at Shenyin & Wanguo Securities. Today in Business with Reuters

"The grounds that supported former high stock evaluations have got go insufficient," Lithium said.

Base metallic elements manufacturers driblet as a drop in Cu terms triggered profit-taking. Yunnan Copper dropped by the 10 percentage day-to-day trading bounds to 10.00 kwai and Jiangxi Copper lost 6.7 percentage to 49.35 yuan.

China Railway Construction surged 28 percentage to 11.64 kwai in its first twenty-four hours of trading, up from its initial populace offering terms of 9.08 yuan. But its failure to ran into outlooks of a more than than 40 percentage leap reflected broader marketplace weakness, analysts said.