China Market falls ahead of Lunar New Year

Mainland China stock market ended down on Friday, 05 February 2016, ahead of the Lunar New Year, when markets will remain closed for a week starting February 8. Investors largely shrugged off government moves to raise investment ceilings for overseas investors on view it won't lead to an immediate surge in foreign buying of Chinese equities. The Shanghai Composite Index ended down 0.63%, or 17.53 points, at 2763.49. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, declined 20.97 points, or 0.7%, to 2963.79. For the week, SSEC was up 0.9% while CSI300 gained 0.6%. For the week, SSEC was up 0.9% while CSI300 gained 0.6%. Trading was thin on Friday as many traders have already left for the Lunar New Year holiday. Mainland markets will be closed all of next week.

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