China stocks drop for third day despite banking sector rebound

Chinese stocks tumbled 1.72 percent on Thursday, the third fall in three days, though most shares of the heavy-weight banking sector rebounded from heavy losses in the previous two days.

The benchmark Shanghai Composite Index closed at 1,895.84 points, down 33.21 points, or 1.72 percent. The Shenzhen Component Index closed at 6,563.07 points, down 116.99 points, or 1.75 percent.

Source:Xinhua