At closing bell, the benchmark Shanghai Composite Index fell 1.23%, or 43.89 points, to 3,518.42. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.47%, or 35.27 points, to 2,362.24. The blue-chip CSI300 index decreased 0.69%, or 34.02 points, to 4,864.14.
CURRENCY NEWS: China's yuan was little lower against the U.S. dollar on Thursday as softer mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint CNY=PBOC at 6.3957 per dollar, 101 pips or weaker than the previous fix of 6.3856. In the spot market, onshore yuan CNY=CFXS was changing hands at 6.3975, 60 pips softer than the previous late session close.
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