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CHART OF THE DAY: The Chinese Stock Market Tumbles To A Post-Crisis Low

The Shanghai Composite closed down 0.38 percent on Monday, to a three-year low. This came after rise in Chinese home prices caused investors to speculate that Beijing would announce more property curbs to maintain a "firm grip" on its real estate market. Moreover, a newspaper run by the People's Bank of China said the central bank does not intend to cut reserve requirement ratios (RRR) in the near-term.
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