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China: Stocks give up gains as investor sentiment remains weak

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[SHANGHAI] China stocks surrendered initial gains and closed lower on Tuesday, a reflection of weak investor sentiment amid worries about the economy.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 per cent, to 3,106.32, while the Shanghai Composite Index lost 0.4 per cent, to 2,878.56 points.

The indexes rose in the morning session, tracking global markets as expectations grew that British voters will opt to remain in the European Union in Thursday's referendum.

But the market suffered a bout of selling in the afternoon session, with small-caps leading the declines.

Shenzhen's start-up board ChiNext lost 1.4 per cent.