The Mainland China equity market closed lower on Friday, 15 September 2017, as investors cashed in recent profit after softer than expected data suggested the world’s second-largest economy is starting to lose some momentum in the face of rising borrowing costs and government-mandated capacity cuts. The Shanghai Composite Index dropped 0.5%, or 17.81 points, to a 20-day low of 3,353.62. The CSI 300 – which tracks large companies listed in Shanghai and Shenzhen – edged up 0.04%, or 1.34 points, to 3,831.3. The Shenzhen Composite Index slid 0.3%, or 5.54 points, to 1,987.99. For the week, the CSI300 rose 0.1%, while SSEC slid 0.3%.
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