China shares down 1.31pc in morning trade

Chinese shares were down 1.31 per cent in early trading on Thursday due to falls in US stocks and the government’s reiteration of measures to control property prices, dealers said.

The benchmark Shanghai Composite Index lost 31.39 points to 2,365.79.

China’s cabinet said late Wednesday that it would continue to strictly implement property control measures and expand property taxes to keep home prices in check, state media reported.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1155272/china-shares-down-131pc-morning-trade