China��s
stocks fell, sending the benchmark index to its steeply weekly loss in a
month, on concern a slowing economy will curb earnings growth.
The
Shanghai Composite Index dropped 0.8 percent to 2,082.43 as of 9:51
a.m. local time. Trading volumes were 13 percent below the 30-day
average for this time of day, according to data compiled by Bloomberg.
Equity markets including the U.S., Hong Kong and Singapore are closed
today for a holiday.
The
CSI 300 Index declined 1 percent to 2,203.68 today, while the Bloomberg
China-US 55 Index added 0.7 percent in New York yesterday.
The
Shanghai measure has slid 2.2 percent this week after official data
showed growth in gross domestic product slowed to 7.4 percent in the
first quarter from 7.7 percent in the previous period, compared with a
7.5 percent annual target. Industrial production in March and
fixed-asset investment for the first three months of the year trailed
estimates.
Source : Bloomberg
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