Mainland China market closed lower for the first time in eight consecutive sessions on Friday, 10 October 2014, amid profit taking after the market hit a 20-month-high yesterday. Meanwhile, concerns about slowing global economic growth intensified selloff. The benchmark Shanghai Composite index declined 14.83 points, or 0.62%, to finish at 2374.54. The benchmark index closed yesterday at 2389.37, the highest close since 20 February 2013, when it finished at 2397.18. The Shanghai index advanced 0.5% this holiday-shortened week.
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