Shanghai shares down 1.19% in morning trade

Shanghai shares down 1.19% in morning trade
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Summary The benchmark Shanghai Composite Index dropped 46.68 points to 3,881.23

SHANGHAI (AFP) - Shanghai shares fell 1.19 percent on Wednesday morning after China cut the value of its yuan currency against the US dollar for a second consecutive day, dealers said.

The benchmark Shanghai Composite Index dropped 46.68 points to 3,881.23.

The Shenzhen Composite Index, which tracks stocks on China s second exchange, fell 0.88 percent, or 20.03 points, to 2,264.24.

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