Chinese banks falter as slowdown bites

Shares of major Chinese lenders China Construction Bank and Agricultural Bank of China fell to multi-month lows on Tuesday,hit by potentially souring loans,an economic slowdown and tighter capital requirements.

By 0332 GMT,CCB was down 2.7 percent to a nine-month low of HK$6.43,while AgBank was down 3.8 percent to a four-month low of HK$3.84,versus the benchmark Hang Seng Indexs 0.4 percent rise.