Chinese stocks drop amid economic slowdown fears

Chinese shares fell the most in six months as data on foreign trade and property prices published Tuesday showed the economy was cooling, which fueled investors' concerns over the country's economic outlook.

The benchmark Shanghai Composite Index closed at 2,595.27 points, down 77.26 points, or 2.89 percent.

The Shenzhen Component Index ended at 10,715.39 points, down 302.02 points, or 2.74 percent.

Turnover expanded to 246.83 billion yuan (36.84 billion U.S. dollars) from 240.15 billion yuan on the previous trading day.

Losers outnumbered gainers by 839 to 42 in Shanghai and 953 to 71 in Shenzhen.

Source:Xinhua