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December 7, 2016

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Financial shares’ fall brings index below 3,200 points

SHANGHAI stocks ended below the 3,200-point threshold yesterday, with financial shares declining. The Shanghai Composite Index dipped 0.16 percent to 3,199.65 points.

“The index went through a small correction on Tuesday, with low trading volume suggesting major institutional investors are waiting for inflation and trade data set to be released later this week,” Haitong Securities wrote in a note.

Insurers fell after China’s insurance regulator suspended Foresea Life from selling some products.


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