China Stocks Pull Back, but Resource Shares Firm


China stocks fell on Tuesday as investors took profits from the previous session's 2 percent gain, but some analysts expect buyers to return ahead of the annual meeting of China's top legislature next month.

Continue Reading Below

The blue-chip CSI300 index fell 1.0 percent to 3,089.36 points, while the Shanghai Composite Index lost 0.8 percent to 2,903.33.

Most sectors fell but resources and energy shares extended their recent rally on a global pick-up in commodity and oil prices.

At the National People's Congress, China's leaders will deliver work reports and the government's next five-year economic development plan will be finalized. Specific business sectors are often singled out for expansion.

The meeting will begin on March 5.

(Reporting by Samuel Shen and Pete Sweeney; Editing by Kim Coghill)