Chinese shares down 0.30pc in morning trade

SHANGHAI: Chinese shares were down slightly in morning trade as investors awaited more government moves to ease monetary policy, despite a bank reserve requirement cut effective Monday, dealers said.

The Shanghai Composite Index, which covers both A and B shares, shed 0.30 percent, or 7.11 points, to 2,353.55.

China's central bank said last week it would cut bank reserve requirement levels for the first time in three years, in the strongest signal yet that Beijing wants to ease monetary policy after more than a year of restrictions.