Mainland China share market declined on Wednesday, 07 May 2014, on lingering concerns that the renewal of initial public offerings (IPOs) on the mainland will cause a glut and soak up much cash. Meanwhile, poor service PMI data and concern over home sales slowdown fuelled risk aversion selloff. The benchmark Shanghai Composite Index declined 0.9% to finish the session at 2010.08, after touching an intraday low of 2008.45 and intraday peak of 2024.63.
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