BEIJING, Jan. 30 (Xinhua) -- Chinese stocks extended their fall Tuesday, weighed down by weak cyclicals and heavyweights after a winning streak since the end of last month.
The benchmark Shanghai Composite Index went down 0.99 percent to close at 3,488.01 points, and the smaller Shenzhen Component Index closed 0.65 percent lower at 11,278.78 points.
The Shanghai SE 50 Index, which tracks actively traded industry leaders, slumped 1.33 percent to 3,079.12 points, and China's NASDAQ-style ChiNext Index lost 0.97 percent to end at 1,782.4 points.
Combined turnover on the two bourses stood at 437.7 billion yuan (around 69 billion U.S. dollars), down from 555.36 billion yuan the previous trading day.
Cyclical shares in sectors including cement, steel and building materials led the decline. Cement producers tumbled 2.28 percent on average, the largest drop among all sub-indices.
Large cap stocks also suffered. Oil giant PetroChina Company, with its marketization at 1.67 trillion yuan, shed 2.04 percent to 9.11 yuan, while the larger Industrial and Commercial Bank of China went down 2.02 percent to 7.28 yuan.
Bucking the trend, retailers were the biggest winner, with the sub-index up 1.26 percent.
Shares related to deals involving Wanda Commercial also rallied. Suning Commerce Group, one of the investors, climbed 0.6 percent to 13.46 yuan.
The commercial property giant announced Monday evening it has signed agreements to sell a 14-percent stake to internet giants including Tencent and JD.com and property developer Sunac, a move aimed at upgrading Wanda's retail business.
