BEIJING, Sept. 8 (Xinhua) -- Chinese stocks extended declines on Monday morning on lingering worries over slower economic and corporate profit growth.

    The benchmark Shanghai Composite Index finished the morning trade 48.09 points or 2.18 percent lower at 2,154.36. The Shenzhen Component Index dropped 221.96 points or 3.06 percent to 7,042.24.

    The index opened slightly higher at 2,210.34 and rose as much as 0.82 percent to 2,220.55 at one time. This came amid broad gains on regional markets boosted by Sunday's news the U.S. government will take over two mortgage giants Fannie Mae and Freddie Mac to stabilize the financial market.

    Tokyo's Nikkei 225 index was more than 3 percent higher at about 1 p.m. local time. Hong Kong's Hang Seng index gained 3.8 percent at about 12 a.m. local time.

    But the stocks reversed to losses...

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