Chinese shares lower with heavy trading on 2nd day of key economic meeting

Special Report:Global Financial

Crisis

BEIJING, Dec. 9 (Chinese media) -- Chinese shares closed the

morning session lower on profit taking Tuesday, the second day of the country's

key economic conference.

The benchmark Shanghai Composite Index fell 1.08

percent, or 22.57 points, to 2,068.2 when the earlier session finished. The

smaller Shenzhen index lost 69.42 points, or 0.92 percent, to reach 7,459.21.

The key Shanghai index went on a roller-coaster ride

amid heavy trading in the morning, as many investors chose to profit from the

day-earlier gain.

The combined turnover in Shanghai and Shenzhen was

85.9 billion yuan (12.5 billion U.S. dollars), more than half of a high of 156

billion yuan recorded on Monday.

In previous trading day, Chinese shares surged 3.57

percent on prospects of more stimulus policies to buttress the economy from at

hree-day Central Economic Work Conference, which started on Monday.

Observers believed the three-day event would give

priority to efforts to maintain the country's stable economic growth.

The Shanghai index opened almost flat on Tuesday

despite another big overnight rally on Wall Street, where the Dow Jones average

rose more than three percent after the U.S. President-elect Barack Obama

announced a plan to launch the largest infrastructure-spending package since the

1950s.