China stocks fall after poor new loan data

The Mainland China stock market declined on Friday, 13 November 2015, after reports that banks in China lent less than expected in October amid sluggish corporate demand and banks' concerns over credit quality. Risk sentiments also dented on caution ahead of an IMF decision on whether to include the Chinese currency in the Special Drawing Rights (SDR) basket. The Shanghai Composite Index dropped 1.43%, or 52.06 points, to close at 3580.84 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 2.39%, or 53.92 points, to close at 2205.56. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was down 2.63%, or 73.14 points, to close at 2710.16.

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