Mainland China stock market closed lower in light trading on Tuesday, 27 December 2016, as tightening liquidity towards the year-end weighed on volumes. Meanwhile, the regulator's latest measures to curb big investment in the stock market by insurance companies also weighed on sentiments. The Shanghai Composite Index dropped 0.4% to 3,102.24 while the CSI 300 Index, which tracks large companies in Shanghai or Shenzhen, closed 0.44% lower at 3,301.89. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 0.37% to 1,972.35. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 0.58% to close at 1,957.16 points.
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