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China: Stocks close down, small-cap rally fizzles

Investors chat in front of an electronic board showing stock information at a brokerage house in Beijing, China, Oct 30, 2015.

[SHANGHAI] China stocks closed down on Monday as investors took profit from an early rally in small-cap shares amid concerns about the weak economy and Beijing's crackdown on illegal futures trading.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.6 per cent, to 3,475.96, while the Shanghai Composite Index lost 1.7 per cent, to 3,325.08 points.

Among the most active stocks in Shanghai were Meiyan Jixiang , down 9.7 per cent to 7.72 yuan; China Shipbuilding , down 5.0 per cent to 10.51 yuan and Agricultural Bank Of China, down 0.6 per cent to 3.12 yuan.

In Shenzhen, Tongling Nonferrous Metals Group, down 6.4 per cent to 3.65 yuan; BOE Technology, down 3.0 per cent to 2.89 yuan and Suning Appliance, up 1.2 per cent to 16.46 yuan were among the most actively traded.

Total volume of A shares traded in Shanghai was 22.9 billion shares, while Shenzhen volume was 27.4 billion shares.