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SAIC, Cyprus hurts China stocks

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disappopint March 28, 2013 (Chinavestor) Cyprus and a possible bank run continued to plague investors' mood in China. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 165.2 points or 0.7% while the Shanghai Composite Index (SHA:000001) declined 65.0 points or 2.9%. Corporate profits were weak in China after SAIC Motor, the largest Chinese car manufacturer, reported worse than expected earnings.

 

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