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EU woes continue to haunt China stocks

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decline_8 March 7, 2012 (Chinavestor) Chinese stocks extended the slide for a third day in a row on Wednesday. Fears that Europe's recession will hurt Chinese exports took a toll on Chinese shares in both key Asian markets. The Shanghai Composite Index (SHA:000001) fell 15.7 points or 0.7% while the Hang Seng Index (INDEXHANGSENG:.HSI) slid 178.5 points or 0.9% for the day.

China Life Insurance (HKG:2628) fell 6.1%, the most among 42 components of the Hang Seng Index (INDEXHANGSENG:.HSI), narrowing a gap between its H-share price and its NYSE listed ADR price. China Life Insurance is listed under the (NYSE:LFC) ticker.

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