Chinese equity on a slide as telecommunication stocks drop

Source: Bloomberg
The Shanghai Composite Index was slightly lower at 2,328.8 points in the afternoon of Shanghai trading session on Monday. The index consolidates after last week's rally of 3.9%. Today telecommunication industry depreciated and led the market overshadowing China Construction Bank Corp. better than expected profit. Investors wait for more data on earnings, as market lacks of drive to appreciate further.
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