China Shares Fall As Investors Brace For More IPOs

Jiangxi Copper Ltd., the country's second-largest metal producer, added 1 percent to 32.78 yuan.

Shipbuilders rose after the government released details Thursday of a stimulus plan for the industry. China CSSC Holdings Ltd. advanced 2.3 percent to 65.5 yuan and CSSC Jiangnan Heavy Industry Co. climbed 0.9 percent to 17.47 yuan.

Financial stocks decline after strong gains in recent sessions. Bank of China Ltd. lost 0.8 percent to 3.69 yuan, while China Construction Bank, Ltd. declined by 1.2 percent to 4.84 yuan.

China Vanke Ltd., the country's biggest developer, slipped 1.6 percent to 10.69 yuan, and rival Poly Real Estate Group gave up 1.1 percent to 24.55 yuan.

In currency markets, the yuan weakened to 6.8337 to the U.S. dollar, down from Friday's close of 6.8317.