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China stocks slip to 26-month closing low

This article was posted on Nov 4, 2008 and is filed under Market Outlook

SHANGHAI: China’s main stock index slipped 0.76 per cent on Tuesday to a 26-month closing low as worries about the slowing economy weighed on sentiment, with metals shares sliding on news of output cuts due to slack demand. The benchmark Shanghai Composite Index ended at 1,706.703 points.

Turnover in Shanghai A shares was light at 23.7 bn yuan ($3.5 bn), barely above Monday’s 23.1 bn as investors continued to shun the market amid worries about continued weakness.

source: Economictimes

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