Grim export data drag Chinese shares down despite global markets rally

Special Report:Global Financial Crisis

BEIJING, March 11 (Chinese media) -- Chinese equities edged down 0.91 percent Wednesday as the grim February export data dampened investor confidence despite the rally on Wall Street and the Asian markets, analysts said.

The benchmark Shanghai Composite Index dropped 0.91 percent, or 19.54 points, to 2,139.03. The Shenzhen Component Index was down 1.29 percent, or 104.15 points, to 7,941.51.

The combined turnover was 134.5 billion yuan (19.7 billion U.S. dollars), expanding from 106.53 billion yuan on the previous trading day.

Losses led gains by 546 to 312 in Shanghai and 417 to 301 in Shenzhen.