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Chinese stocks tumble as flood of new listings adds pressure

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Chinese stocks see a selloff on Monday as investors are concerned that a flood of new listings on its new high-tech board will divert funds, adding to risk-off sentiment in emerging markets.

The Shanghai Composite Index slid as much as 3.1 per cent intraday before paring its loss to 2.6 per cent at the close, the worst performance among the major benchmarks in the Asia-Pacific region.

The tech-heavy ChiNext Index tumbled up to 3 . . .

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