China's Shanghai Index Ends Down 3.1% For Biggest Drop In Month

By Victor ReklaitisMarketWatch Pulse

China's Shanghai Composite on Wednesday closed 3.1% lower, suffering its largest one-day percentage drop since Sept. 15, according to FactSet data. Analysts blamed factors such as Tuesday's decline by U.S. stocks and profit taking after Chinese equities have rallied in recent weeks. In other Asian trading, Japan's Nikkei index finished 1.9% higher. Markets in Hong Kong were closed for a holiday.

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