China shares resume with modest losses, yuan firms despite trade slump

February 15, 2016 4:08 AM

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China shares resume with modest losses, yuan firms despite trade slump

SHANGHAI Chinese shares fell more than 1 percent on Monday as trading resumed after the Lunar New Year break and investors caught up with wild swings in global markets, while Beijing took another swipe at currency devaluation talk with a strong fix for the yuan.

The Shanghai Composite Index .SSEC was down 1.6 percent after its first morning's trade since Feb. 5, while the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen was down 1.4 percent.

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