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MSCI exclusion takes a toll on China stocks

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Mainland China share market closed softer in choppy trade on Wednesday, 10 June 2015, due to disappoint after the U.S. index provider MSCI's decision to delay the inclusion of mainland-listed A-shares in its emerging market index. But losses were minimal after downbeat CPI and PPI readings bolstered hopes of fiscal stimulus as the world's second-largest economy shrugged off monetary easing. The Shanghai Composite opened weaker and slumping nearly 2% in the first five minutes of trade following the MSCI's announcement, but the Shanghai bourse slowly clawed back losses to nudge above the flatline in the afternoon session, but failed to hold on to gains. The benchmark Shanghai Composite Index declined 7.50 points, or 0.15%, to 5106.04.

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First Published: Jun 10 2015 | 2:41 PM IST

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