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Chinese shares fall over 1% on stamp duty rumor

(Xinhua)
Updated: 2010-03-25 17:07
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BEIJING: Chinese equities declined more than 1 percent on Thursday over market rumors that stamp tax on trading might increase in April.

Related readings:
Chinese shares fall over 1% on stamp duty rumor Chinese shares close mixed Wednesday
Chinese shares fall over 1% on stamp duty rumor Chinese shares close lower on weak financial, property sector

The benchmark Shanghai Composite Index declined 1.23 percent, or 37.63 points, to close at 3,019.18 points.

The Shenzhen Component Index went down 1.65 percent, or 203.14 points, to end at 12,086.9 points.

Combined turnover stood at 196.43 billion yuan ($28.8 billion), up from 191.9 billion yuan on the previous trading day.

Losers outnumbered gainers by 708 to 166 in Shanghai and 594 to 300 in Shenzhen.
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