China Market falls ahead on manufacturing PMI data

The Mainland China stock market ended lower on last trading session of the year, Thursday, 31 December 2015, as investors booked profit following recent rally, on caution ahead of outcome of manufacturing activity surveys for December on Friday and on concern the nation's deepening economic slowdown will sap corporate earnings. Risk sentiments was also curbed by the looming expiration next month of a six-month ban on share sales that was imposed on listed companies' major shareholders during the summer market rout. The Shanghai Composite Index dropped 0.94%, or 33.69 points, to close at 3539.18. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 1.81%, or 42.45 points, to close at 2308.91. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 2.36%, or 65.46 points, to close at 2714.05.

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