Chinese shares suffer sharp losses

BBC News - May 06, 2016

The Shanghai Composite fell 2.8%, depressed by falling shares in Chinese coal and steel companies.

Weak commodity prices hit shares including Shaanxi Coal, down 6% and Wuhan Iron & Steel, down almost 5%.

The fall in mainland shares hit Hong Kong's market. The Hang Seng index fell 1.7% - the fifth consecutive session of losses.

Investors were also cautious before a closely-watched report on the US labour market due later on Friday.

In Japan the Nikkei 225 index closed down 0.3% following a three-day national holiday.

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