Chinese shares close lower

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Beijing, Jan 13 (IANS) Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 2.42 percent, at 2,949.6 points.

The smaller Shenzhen index lost 3.06 percent to close at 9,978.82 points, Xinhua news agency reported.

The ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, tumbled 4.09 percent to close at 2,059.78 points.

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