Chinese shares posted widespread losses in the morning trade secession Tuesday with the benchmark Shanghai Composite Index down 2.05 percent, or 63.53 points, to close at 3,030.89 points.

The Shenzhen Component Index lost 2.18 percent, or 271.29 points, to finish at 12,198.90 points.

Sany Heavy Industry Co., one of the country's biggest heavy machinery makers, slumped 7 percent to end at 2.33 yuan (0.34 U.S. dollars) despite the company's report of profit rise. In its statement to the Shanghai Stock Exchange before trading Tuesday, the company said its net profit in 2009 would rise more than 50 percent.