Chinese shares decline over 1% on property market curbs, index futures debut

16:46, April 16, 2010      

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Chinese equities close lower Friday as the government extends further efforts to cool the overheating property market, which dragged down financial and real estate heavyweights.

China's long-awaited stock index futures also debuted Friday, which aims to provide more options for investors and tame market fluctuations.

The benchmark Shanghai Composite Index on the Shanghai Stock Exchange ended at 3,130.3 points,down 34.67 points, or 1.1 percent.

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at12,416.86 points, down 96.43 points, or 0.77 percent, from the previous close.

Total turnover shrank to 187.24 billion yuan(27.41 billion U.S.dollars) from 249.13 billion yuan on the previous trading day.

Losers outnumbered gainers by 525 to 309 in Shanghai, while gainers outnumbered losers by 433 to 429 in Shenzhen.

Source: Xinhua


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