China stocks end down 0.7 pct, lose 2 pct in week

Newswire

SHANGHAI, Dec 24 (Reuters) - China's key stock index closed down 0.7 percent on Friday as reduced cash flows from a liquidity crunch in the money market and some speculative selling in large-cap auto stocks sent the market to a weekly loss of 2.0 percent. The benchmark Shanghai Composite Index closed at 2,835.2 points, with top auto maker SAIC Motor Corp and another major producer Chongqing Changan Automobile Co both dropping over 2 percent after the city of Beijing announced measures to ...

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