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        China's stock market's slight closing-down was hampered by profit-taking


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China's stock market closed lower on Tuesday, off its six-and-a-half-month high hit the previous day, thanks to profit-taking operations. But market declines were limited in the hope that the Chinese government would continue to support the economy and that the Federal Reserve would adopt a pigeon stance.
The Shanghai Composite Index. SSEC closed down 0.18% at 3,090.98. The Shanghai-Shenzhen 300 index. CSI300 closed down 0.46%, and the Shanghai-Shenzhen 300 financial real estate index closed down 0.54%.
The Shenzhen Composite Index. SZSC closed up 0.18% and the GEM index closed up 0.107%.
China's Ministry of Housing and Urban-Rural Construction said that the approval time for housing projects will be shortened, echoing the plan to accelerate infrastructure expenditure this year, and boosting domestic demand and economic growth through the construction boom.
Investors are also looking to this week's Federal Reserve meeting for clues to their pigeon stance, including whether policymakers cut interest rate forecasts.
Shares related to nuclear power rose sharply after environmental impact assessments of two nuclear power plants were submitted to regulators for approval on Monday, an important step for China to resume construction of nuclear power projects; China suspended approval of new nuclear power plants for the previous three years.
China's nuclear power (601985.SS) jumped 10% to its highest level since April 2018, and then shrank to 2.94%.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index closed down 0.03% and the Nikkei Nikkei index. N225 closed down 0.08%.
At 07:27 GMT, CNY = CFXS was 6.7192, down 0.08% from the previous day's closing price of 6.7135.
Lanshi Reloading (603169.SS) rose 10.09%, while Huayi Electric (600290.SS) fell 8.15%.
So far, the Shanghai Composite Index has risen 23.9% this year, the Shanghai-Shenzhen 300 index has risen 27.3%, and the Hong Kong Hang Seng State-owned Enterprise Index has risen 15.2%. The Shanghai Composite Index rose 5.1% this month.


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