Mainland China market closed lower for second consecutive session on Monday, 13 October 2014, as profit taking triggered after the market hit a 20-month-high last week and renewed concerns about economic growth. But, market trimmed most of early losses after official data showed China's trade surplus more than doubled in September. The benchmark Shanghai Composite index declined 8.53 points, or 0.36%, to finish at 2366.01.
The General Administration of Customs announced on Monday that China's trade surplus more than doubled to $31 billion in September 2014. Exports rose 15.3% year-on-year to $213.7 billion, while imports climbed 7% to $US182.7 billion. The surplus was lower than August's record $49.8 billion. But the rise in exports accelerated from August's 9.4%.
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