China stocks tumble ahead of manufacturing PMI data

Mainland China share market declined for fourth consecutive session on Friday, 30 January 2015, as investment sentiment dampened by fresh investigations into stock margin trading and on caution before this weekend's manufacturing data. The Shanghai Composite Index closed down 1.6% at 3210.36, putting the market down 4.2% since last Friday, the biggest weekly decline since December 2013.

The China market was facing pressure from both the regulators, who have been cracking down on fast fund inflows into equities, and profit taking after a 37% rally in the fourth quarter. Some investors are retreating after finding the market doesn't present too many investment opportunities at this stage.

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