At close of trade, the benchmark Shanghai Composite Index was down 0.13%, or 4.64 points, to 3,484.19. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.56%, or 13.07 points, to 2,313.18. The blue-chip CSI300 index sank 0.89%, or 41.09 points, to 4,578.60.
CURRENCY NEWS: China's yuan was tad softer against the dollar on Wednesday as softer mid-point fixing by central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.3351 per dollar, 337 pips or 0.53% weaker than the previous fix of 6.3014. Spot yuan CNY=CFXS opened at 6.3131 per dollar and was changing hands at 6.3126 at midday, 13 pips weaker than the previous late session close.
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