Chinese shares down slightly in morning trade

SHANGHAI: Chinese shares were down slightly in morning trade on Tuesday, as concerns over the slowing domestic economy persisted despite a planned move to cut banks' reserve requirements, dealers said.

The benchmark Shanghai Composite Index, which covers both A and B shares, was down 0.07 percent, or 1.62 points, to 2,361.98.

China's central bank said Saturday it would cut commercial banks' reserve requirement ratio by 0.50 percentage points from February 24 to ease restrictions on lending.