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Shanghai stock index suffers biggest fall in 3 months

By Dai Tian (chinadaily.com.cn)
Updated: 2015-05-05 16:42
http://www.chinadaily.com.cn/business/2015-05/05/content_20627846.htm

Chinese stocks tumbled on Tuesday, with the benchmark Shanghai index losing 4.1 percent, its biggest retreat since January, on fears that new initial public offerings might drain market liquidity.

summary translation from: http://www.guancha.cn/economy/2015_05_05_318434.shtml

- 24 new stocks offering, absorbs buying power
- HSBC PMI 48.9, 12 month low
- brokers will report their margin status in one week
- stock fund held by international buyers outflow 1 billions in Q1
- corps. Q1 earning/revenue drops, first seen in 5 years
- People's Daily reverses stock outlook from Bull to cautious mode

FTSE China 50
222.80, -3.80, -1.68%, as of 2015-05-05 16:01