Shanghai Composite down 0.90% at 2,945 points (Il Sole 24 Ore Radiocor) - Shanghai , 27 Jun - Chinese stocks closed lower, resuming a recent selloff amid weak Asian markets as yesterday's tentative rebound lost steam. Sentiment soured as data showed growth in China's industrial profits narrowed in May, rekindling concerns that economic growth in the country was slowing.

Profit for Chinese industrial companies increased 0.7% from a year earlier in May, decelerating from a 4% surge in the previous month, official data showed. Industrial profits grew 3.4% year on year from January to May, reaching 2.75 trillion Chinese yuan. The country's industrial profit for the first four months of this year had risen by 4.3%.

The figures come after data released in recent weeks pointed to an uneven economic recovery.

Trade tensions also continued to keep sentiment in check.

Caution prevailed as the Chinese Communist Party's central committee prepares to convene in July for a key meeting known as a plenum to discuss reform measures.

The Shanghai Composite closed down 0.90% at 2,945 points, while the Shenzhen CSI 300 closed down 0.75% at 3,454 points.

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(RADIOCOR) 27-06-24 11:22:30 (0276) 5 NNNN