China Market ends lower; China Unicom tumbles

The Mainland China equity market finished session down on Thursday, 24 August 2017, due to profit booking across the board, with brokerage, telecom, computer and consumer stocks being major losers. Investors were also cautious as the Shanghai benchmark neared the 3,300-point-mark, a level that has proven to be a stiff hurdle with three failed attempts to breach it over the past nine months. The blue-chip CSI300 index fell 0.6%, to 3,734.65. The Shanghai Composite Index was down 0.49% to close at 3,271.51 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.61%, or 11.52 points, to 1,890.48.

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