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Stocks listed in Shanghai and Shenzhen are tumbling in tandem with global peers these days, mid investors' concerns about more aggressive tightening by the US Federal Reserves, prompting top Chinese fund management companies to invest in their own fund products to boost market confidence.
The benchmark Shanghai Composite Index dived 1.8% to drop below 3,400 mark and close at 3,394. The tech-heavy Chinext Price Index slumped 3.2% to approach 2 . . .
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