China shares slump 1.74% to three-year low

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Chinese shares fell to a new three-year low Monday, dropping 1.74 percent on concerns slowing economic growth could see company profits fall, dealers said.
The Shanghai Composite Index slumped 37.94 points to 2,147.96 on turnover of 62.7 billion yuan ($9.8 billion).
In Hong Kong the Hang Seng index closed slightly higher, rising 0.15 percent, or 28.71 points, to 19,121.34 on turnover of HK$35.2 billion ($4.55 billion).
China said Friday its economy grew 7.6 percent year-on-year in the second quarter, its slowest rate for more than three years.