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China stocks drop 6.7%, second worst month in 15 years

Posted on: August 31st 2009 in Market News.

SHANGHAI: China’s key stock index dived 6.74 percent on Monday to a three-month closing low and recorded its second-biggest monthly loss in 15 years, after surging stock valuations overwhelmed improvements in corporate earnings while new share supplies compounded a drop in liquidi…

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