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Manufacturing slows in China, stocks down

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decline April 23, 2013 (Chinavestor) News that manufacturing activity slowed in China in April hurt stocks on the mainland more than in Hong Kong. The Shanghai Composite Index (SHA:000001) fell 57.6 points or 2.6%, the most in a month while the Hang Seng Index (INDEXHANGSENG:.HSI) slid 237.8 points or 1.1%.

The decline was universal among large cap stocks in Shanghai where each of the 50 largest components of the broad index declined. For details, see chart below.

 

pre_20130423



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