China Stocks tread water as new property curbs offsets good industrial profits

The Mainland China equity market ended down on Monday, 27 March 2017, in line with a regional sell-off as Donald Trump's failure to push through his health care bill raised questions about his chances of passing tough tax reform and spending measures. Meanwhile, optimism felt from data showing surging profits at Chinese industrial firms was offset by fresh property curbs and signs that monetary policy may be further tightened. Most sectors fell on Monday, but transportation and banking stocks were firm. The benchmark Shanghai Composite Index closed 0.08%, or 2.49 points, lower at 3,266.96. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.36%, or 7.33 points, to 2,039.41. The large-cap CSI300 closed 0.3% lower at 3,478.

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