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Shanghai: Stocks lose 1.29% on weak manufacturing data
[SHANGHAI] Shanghai stocks sank 1.29 per cent on Friday after a six-day rally as data showed manufacturing activity in the world's number two economy hit a 15-month low in July, dealers said.
The Shanghai Composite Index fell 53.01 points to 4,070.91 on turnover of 843.0 billion yuan (S$186.2 billion). However, it gained 2.87 per cent for the week.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.27 per cent, or 29.94 points, to 2,322.71 on turnover of 744.2 billion yuan. It added 6.04 per cent over the week.