Shanghai Composite falls on weak service data

Mainland China stock market declined on Tuesday, 05 August 2014, as investors withdrew profit off the table after key indices escalated to highest level in 8-months on Monday. Meanwhile, profit booking pressure intensified after downbeat reading of China's services industry index for July by HSBC Holdings Plc and Markit Economics. The benchmark Shanghai Composite lost 0.15%, or 3.39 points, to close at 2219.95. Turnover increased to 141.47 billion yuan from yesterday's 140.08 billion yuan.

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