The Mainland China equity market closed lower for fourth straight session on Wednesday, 19 April 2017, as risk aversion selloff flared on deepening worries that tighter regulations against speculation and shadow banking will hurt the country's credit-fuelled recovery. Most of the sectoral blue-chip stocks fell, with raw material shares among the worst hit as commodity prices fell sharply. But consumer and healthcare stocks - generally viewed as defensive in nature - continued to outperform the broader market ,amid a time of volatility.
The blue-chip CSI300 index fell 0.5 per cent to 3,445.88 points. The benchmark Shanghai Composite Index slipped 0.81 per cent, or 26.02 points, to 3,170.69. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.62 per cent, or 13.96 points, to 1,932.46.
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