Shanghai Composite fall on IPO concern

Headline indices of the Mainland China share market closed down on Thursday, 28 August 2014, amid concern new initial public offerings may divert funds from existing equities. The benchmark Shanghai Composite declined 13.65 points, or 0.62%, to 2195.82 at the close. Turnover increased to 109.27 billion yuan from Wednesday's 104.09 billion yuan.

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