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Chinese stocks slide amid weak profits of industrial firms

Chinese stocks slide amid weak profits of industrial firms
Photo Credit: Arabianeye - Reuters

Dubai-Mubasher: Chinese stocks fell on Friday amid low earnings of industrial companies in October.

Industrial companies' earnings dropped by 4.6% year-on-year in October.

The Shanghai Composite Index fell 5.5% to 3,436.30, the largest daily percentage loss since 18 August.

Hong Kong’s Hang Seng shed 1.87% or 421 points to 22086.