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Business / Markets

Chinese shares hit 4-year low

(Agencies) Updated: 2012-12-03 15:56

BEIJING - Chinese shares dropped to their lowest since the first quarter of 2009, driven by another sell-off of alcohol producers as investors started December by locking in profits in the sector, which was a key outperformer until November, Reuters reported.

The benchmark Shanghai Composite Index shed 1.03 percent, or 20.35 points, to 1,959.77.

The Shenzhen Component Index closed at 7,710.88, down 2.43 percent, or 192.38 points.

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