(Yicai Global) Jan. 30 -- China's stock markets closed at their intraday low today, unable to sustain an early rebound that had temporarily taken the major indexes back into positive territory at the lunch break.
Concerns over a slowdown in economic growth and multiple earnings warnings from major listed firms weighed heavy on the minds of investors.
The Shanghai Composite Index closed 0.72 percent lower at 2,575.58 points while the Shenzhen Component Index fell 1.07 percent to 7,470.47. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, closed 1.03 percent lower at 1,230.82.
Among the major industries, only the property sector made gains today while internet-related stocks continue to flounder. Other major losers included the software, commercial services, media, building materials and furniture sectors.