Shanghai stocks drop on record oil prices

05-22 ||  Readers: 7

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SHANGHAI'S key stock index declined in the morning session today led by airlines after oil prices hit new records above US$134 a barrel.
The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, lost 1.42 percent, or 50.48 points, to 3,493.71 points at 11:30am.
Turnover reached 50 billion yua...
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