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China stocks in Asia follow Wall Street lower

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decline_7 June 30, 2010 (Chinavestor) Fears gripped Asian investors on Wednesday sending Chinese stocks lower for the day. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 119.9 points or 0.6 percent to 20,128.99. The index is still up 1.8 percent for the month thanks to a ten day winning streak. The Shanghai Composite Index (SHA:000001) fell 28.7 points or 1.2 percent to under the 2,400 level for the first time in 2010.

pre_2010630_index

Index futures point to a higher open for U.S. equities, suggesting liquid NASDAQ listed Chinese stocks have a chance to a turn around. Ctrip.com (NASDAQ:CTRP) and Baidu.com (NASDAQ:BIDU) fell 12.6 percent and 9.2 percent, respectively.



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