The Mainland China equity market closed lower on Monday, 12 June 2017, hit by a sell-off in high-tech issues following a slide in U.S. peers late last week. Investor sentiment was also damped by worried that tighter credit will drag on corporate profitability and economic growth in coming months. The Shanghai Composite Index fell 0.6%, or 18.52 points, to 3,139.88 while the CSI 300 which tracks the large caps listed in Shanghai and Shenzhen inched down 0.1%, or 1.78 points, to 3,574.39. The Shenzhen Composite Index lost 1.1%, or 20.41 points, to 1,836.76 while the Nasdaq style ChiNext shed 1.2%, or 20.58 points, to 1,775.55.
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