After a 1-day rally, Shanghai (-1%) resumes its downtrend, the composite index falling to its...

|By:, SA News Editor

After a 1-day rally, Shanghai (-1%) resumes its downtrend, the composite index falling to its lowest level since early February 2009. It's earnings seasons in China and the reports continue to disappoint even lowered expectations. Air China (AIRYY.PK) said profit fell 77% in H1 as rising fuel costs combined with the slumping economy.