China's stocks continued Wednesday's fall amid mounting tightening concerns, with the benchmark Shanghai Composite Index down 1.32 percent, or 37.6 points, to end at 2,810.95 on Thursday.
The Shenzhen Component Index declined 2.08 percent, or 262.15 points, to end at 12,353.27.
Total turnover contracted to 204.08 billion yuan (US$30.64 billion) from Wednesday's 210.44 billion yuan.
Losers outnumbered gainers by 758 to 129 in Shanghai and 943 to 169 in Shenzhen.
Heavyweights in oil and chemicals, banking, energy and non-ferrous metals shed more than 1 percent, as concerns over interest rate hikes intensified in the run-up to the release of the November economic figures scheduled for Saturday.
Property stocks extended Wednesday's losses, as the nation's banking regulatory authority asked trust companies nationwide to examine loans to property developers to control credit risks.
China Vanke, the nation's biggest property developer, fell by 3.77 percent to 8.17 yuan. Poly Real Estate, the second largest property company, fell 4.49 percent to 12.13 yuan.
Steel stocks gained on reported crude steel output rises. The China Iron and Steel Association (CISA) said Thursday the country's daily crude steel output in November reached 162.2 million tonnes, up 2.4 percent from October.
Anhui-based Maanshan Iron and Steel Co. added 5.22 percent to 3.63 yuan. Baotou Iron and Steel Co., one of the country's leading steel makers, rose 0.99 percent to 4.1 yuan.
