China stocks decline further

Mainland China's stock market closed marginally down after trimming early losses on Wednesday, 02 September 2015. Selloff momentum continued in Mainland market on deepening gloom over the domestic economic growth after performance of China's manufacturing and services firms weakened in August. The Shanghai Composite Index fell more than 4% on opening. It later recovered into positive territory, but fell back again to close 0.2% down at 3,160.17. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 2%, or 33.83 points, to 1673.95. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 1.82%, or 34.46 points, to close at 1855.03.

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