China stocks down on IPO concerns; ChiNext follows Nasdaq to record high

April 24, 2015 7:25 AM

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SHANGHAI, April 24 (Reuters) - China stocks fell on Friday, weighed down by financial heavyweights, after the securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red-hot market.

But the main indexes , which dropped over 2 percent in morning trading, recouped most of their losses by the end of the day, signalling strong interest from bargain hunters.

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