China stocks fall after probes of brokers launched

The Mainland China stock market ended steeply down on Friday, 27 November 2015, as fresh regulatory crackdown and deteriorating industrial profits triggered profit taking. All SSE sectors declined with the industrial sector and brokerage stocks among the worst casualties. The Shanghai Composite Index declined 5.48%, or 199.25 points, to close at 3436.30 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 6.09%, or 141.57 points, to close at 2184.11. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was down 6.48%, or 183.65 points, to close at 2649.55.

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