China stock rally pauses on stake cuts, US sanctions


The bull run, encouraged by state media, has been fuelled by signs of an early economic recovery for China from the coronavirus, capital market reforms and accelerating inflows of foreign funds.

SHANGHAI: Mainland China shares fell on Friday for the first time since June 29 on signs of renewed US-China tensions and after the country's state funds announced stake cuts in companies, a move that comes following a torrid bull run in the stock market.

The bull run, encouraged by state media, has been fuelled by signs of an early economic recovery for China from the coronavirus, capital market reforms and accelerating inflows of foreign funds.

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