China Stocks retreat on possible U.S. rate hike

Mainland China stock market closed lower on Monday, 12 September 2016, as investors sold stocks and riskier assets, including commodities, on fresh talk of an interest rate hike by the Federal Reserve in the near term. Most listed companies saw falling shares, with industrial giants in resources, finance and automobile sectors hit the hardest. The CSI300 index of the largest listed companies in Shanghai and Shenzhen eased 1.67%, to 3,262.60 points, while the Shanghai Composite Index lost 1.85% to 3,021.98 points.

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