Chinese stocks close below 3,000-mark after period of stability

Beijing, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA — Chinese shares fell below the symbolic 3,000-point
mark on Monday, following months of greater stability and steady
economic growth, according to dpa.
The benchmark Shanghai Composite Index was down 1.76 per cent to close at 2,980.43 points.
The Shenzhen Component Index lost 2.05 per cent by the end of trade, while the ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, dropped 1.52 per cent.
Newly listed shares which had made strong gains in recent weeks led the fall as investors sold them off at a profit, according to the official Xinhua news agency.
China’s economy grew 6.9 per cent in 2015, according to official figures, marking the slowest growth in more than a quarter of a century.
14:26 LOCAL TIME 11:26 GMT