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Stock market drops 2.76%

By Jin Jing | 皇冠体育app Daily | Updated: 2008-06-18 07:52

SHANGHAI: The mainland stock market fell 2.76 percent yesterday to close at a 15-month low as investor concerns about continuing inflationary pressures and more tightening measures persisted.

The torrential rain and floods across South 皇冠体育app, which has caused an economic loss of 10.6 billion yuan, is expected to intensify the inflationary pressure and trigger investor concerns about more control measures, analysts said.

Stock market drops 2.76%

An investor monitors price changes at a securities house in Wuhan, Hubei province. The Shanghai Composite Index dropped 2.76 percent to close at 2794.75 yesterday. Jin Siliu

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