China shares fall before new IPO

Source: Bloomberg
The majority of Chinese shares dropped on Monday session with the benchmark stock index falling towards the weakest level in a two-week period amid speculation that the next initial public offering may move funds from existing stocks. The Shanghai Composite index lost as much as 1.1% to 2,073.77 as of 2:41 p.m. after it dropped 1.5% last week.

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