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China shares end week down on property, Great Wall sell-off

Published on May 9, 2014 3:42 PM

BEIJING (Reuters) - China shares closed down on Friday on falling property stocks and a sell-off in Great Wall Motor shares, leaving the two main indexes in negative territory for the fourth straight week.

The Shanghai Composite Index ended down 0.2 per cent at 2,011.13 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings declined 0.1 per cent.

The CSI300 was down 1.1 per cent on the week, while the Shanghai Composite lost 0.7 per cent.

Property stocks continued to tumble, with the CSI real estate sub-index losing another 1.5 per cent, leaving overall losses for the week at 4.7 per cent as indications of an imminent slowdown in the sector continue to build.

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