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Mainland market opened down Friday morning

05-14-2010 10:44 BJT

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Now let's have a look at the mainland stock market... shares opened down this morning, tracking overseas markets.

The benchmark Shanghai Composite Index opened at 2,692 points, down 0.68 percent. The Shenzhen Component Index also opened lower.

Analysts say there are various reasons behind the recent slump. But they noted that policies on curbing the property market were the major cause. The adjustment of the property market will affect a range of industries, including steel, cement and banking.

But Baotou Rare Earth bucked the trend. The share shot up in early trade, and boosted other related shares. The Ministry of Industry and Information Technology says it's working on new regulations on the rare earth market.

Editor:Zhang Jingya |Source: CCTV.com

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