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Shares lower on interest rates hike expectation
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Chinese share prices continued to fall on Friday amid expectation for imminent interest rates hike to curb strong inflation and a surging economy.

 

The benchmark Shanghai Composite Index, which covers both A and B shares, slipped 49 points, or 0.91 percent, to 5,316.27.

 

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dropped 368.64 points, or 2.16 percent, to 16,728.26.

 

The Hushen 300 Index, accounting for 60 percent of the nation's stock market value, was down 73.45 points, or 1.45 percent, to 5,007.66.

 

(Xinhua News Agency November 16, 2007)

 

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