Stock markets retreat as CMB news unsettles investors

Stock markets in Shanghai and Shenzhen closed with losses Friday as sell-off pressures drove banking and securities shares downward.The Shanghai Composite Index ended the week at 2,057.46 after dipping 9.67 points, or 0.47 percent; while the Shenzhen Component Index shed 78.76 points, or 0.96 percent, to finish at 8,166.28. Combined turnover ramped up to 220.8 billion yuan ($36.08 billion), up …

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