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Prospect of slower growth knocks Chinese equities

Chinese equities tumbled to their worst losses for four months amid signs that Beijing’s moves to tighten monetary policy could be starting to restrain economic growth.

The concerns spiked after a measure of Chinese manufacturing eased to its lowest level since July 2010.

The Shanghai Composite registered losses for the third consecutive session, down 2.9 per cent to 2,774.57.

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