November 30, 2011 (Chinavestor) News that China will lift bank reserve rations for the first time in three years helped send index futures higher in the U.S. but did little to stocks in China. The Shanghai Composite Index (INDEXHANGSENG:.HSI)_ fell 266.8 points or 1.5% while the Shanghai Composite Index (SHA:000001) plunged 79.0 points or 3.4%. The sell-off was broad in Shanghai where the 50 largest components of the index fell. Chinese investors focused on Europe where finance ministers delayed major steps to strengthen the euro by ten more days. Investors had little appetite for uncertainty in China, prompting the sell-off. Chinese telecom stocks provided cushion but the rest fell.