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Shanghai Composite Index hits new 2012 low

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China shares extended losses on Monday, sending the Shanghai Composite Index below 2,000 points to a new low for the year as losses for Chinese property developers and premium alcohol producers deepened.

The Shanghai Composite was down 0.8 per cent at 1,999.11 at 1:25 pm, its lowest intra-day level since early 2009. The CSI300 Index of the top Shanghai and Shenzhen listings was down 1 per cent. Reported by S.China Morning Post 8 minutes ago.

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