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Stocks fall for second day dragged by property shares

Chinese mainland stocks closed lower for a second day on Tuesday, dragged mainly by weak property and cement shares. The benchmark Shanghai Composite Index dropped 1.6 percent, or 38.64 points, to end at 2,382.91, while the Shenzhen Component Index fell 2.5 percent, or 244.98 points, to 9,550.93. Combined turnover on the two bourses increased slightly to 204.34 billion yuan ($32.53 billion) from 201 billion yuan in the previous day's trading. Losers outnumbered gainers by 790 to 167 in Shanghai and by 1,265 to 258 in Shenzhen.

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