China Stocks fall on profit booking

The Mainland China equity market closed lower on Thursday, 14 September 2017, as investors cashed in recent profit after soft August activity and spending data rekindled worries the world's second largest economy. Most sectors lost ground in the morning, with material and energy shares leading the retreat. But developers rose after data showed real estate investment growth picked up pace again in August. The Shanghai Composite Index slipped 0.4%, or 12.72 points, to 3,371.43, while the CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - eased 0.3%, or 12.65 points, to 3,829.96. The Shenzhen Composite Index edged down 0.1%, or 1.45 points, to 1,993.53, while the Nasdaq-style ChiNext dropped 0.5%, or 9.18 points, to 1,879.25.

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