Chinese shares fell 4.47 percent on Friday, snapping the upward trend of the previous two trading days, tracking overnight Wall Street declines amid oil price rebound.

The benchmark Shanghai Composite Index fell 4.47 percent, or 121.86 points to end at 2,605.72 points. The Shenzhen Component Index closed at 8,658.78 points, down 376.51 points, or 4.17 percent.

Aggregate turnover on the two bourses rose to 69.77 billion yuan (10.17 billion U.S. dollars) from 56.8 billion yuan on the previous trading day. Losses outnumbered gains by 858-20 in Shanghai and 720-12 in Shenzhen.

(Xinhua News Agency August 8, 2008)