China Stocks fall on soft August economic data

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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