Mainland China share market closed down on Friday, 06 June 2014, dragged down by losses in material and resources, financials and property counters on concerns about soft demand due to slowdown in the nation's economic growth. Worries over a possible share glut caused by upcoming initial public offerings also weighed on sentiment. The market regulator said last month it would approve around 100 new listings in the second half of the year. The benchmark Shanghai Composite declined 0.54% to finish at 2029.96, on turnover of 55.12 billion yuan.
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