China stocks close in on seven-mth low, rates eyed

Newswire

SHANGHAI, June 18 (Reuters) - China shares fell and approached seven-month lows on Friday amid fears the start of trading next week on a new board for start-up firms would divert cash from existing shares. The benchmark Shanghai composite index , grouping hard-currency B shares and yuan-denominated A shares, fell 1.61 percent to 1,422.217 points. It hit 1,418.794 points in the morning -- its lowest intraday level since December 1, 2003. The long-awaited board for small- and mid-sized ...

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