China: stocks fall on weaker than expected economic data

China share market closed lower Thursday, 14 June 2018, as risk sentiments hurt by weaker than expected industrial activity in May, while investment and retail sales also stumbled, raising concerns about a slowing economy. Meanwhile, selloff pressure mounted up on growing concerns about fierce trade friction between the United States and China. Adding to the uncertainty over economic conditions, China's central bank left its short-term money market rates unchanged earlier in the day, surprising financial markets who had expected it to follow a policy rate rise by the US Federal Reserve overnight. The blue-chip CSI300 index closed down 0.4% at 3,773.37 points, while the Shanghai Composite Index 3,044.16 slipped 0.2% to 3,044.16 points.

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