Mainland China stock market ended down on Wednesday, 2 November 2016, as the level of uncertainty over the U.S. presidential election significantly rose with the race between Democratic candidate Hillary Clinton and Republican candidate Donald Trump tightening. Also adding to pressure was the upcoming initial public offering (IPO) of Bank of Shanghai, the largest IPO this year, which comes at a time when cash will be getting tighter as year-end draws near. The bank plans to rise up to 10.7 billion yuan. Every industry category on the main section except material issue lost ground, led by telecommunication services, industrials, utilities, and energy insurance issues. The CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 0.77% to 3,333.35 points, while the Shanghai Composite Index declined 0.63% to 3102.73 points.
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