Shanghai Composite drops 1% on IPO woes

Mainland China share market declined for second consecutive day on Tuesday, 26 August 2014, as investors set aside money for coming initial public offering. The benchmark Shanghai Composite declined 22.17 points, or 0.99%, to 2207.11 at the close. Turnover decreased to 134.41 billion yuan from Monday's 134.45 billion yuan.

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