07/05/2012 04:59 AST

China’s stock futures fell on concern over Europe’s debt crisis after Socialist Francois Hollande was elected president of France and after the Xinhua News Agency reported Industrial & Commercial Bank of China Ltd. suspended a discount on mortgages for first-time home buyers nationwide.

Futures on the CSI 300 Index (SHSZ300) expiring in May, the most active contract, lost 0.1 percent to 2,708.60 as of 9:19 a.m. local time. China Vanke Co. (000002) and Poly Real Estate Group Co. may lead declines for developers on speculation housing demand will weaken. China Petroleum & Chemical Corp. (600028), Asia’s biggest oil refiner, may drop after the Shanghai Securities News said fuel prices may be cut today.

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Bloomberg

Ticker Price Volume
QNBK 123.10 227,432
SABIC 98.10 636,118
PETRORABIGH 13.28 553,297
TAWUNIYA 96.90 61,416
BURUJ 31.40 85,833
SFICO 29.65 11,333
SAPTCO 14.24 35,738
Index Closing Change
NIKKEI 225 21,336.12 80.56 (0.37%)
DAX 12,995.06 -8.64 (-0.06%)
S&P 500 2,559.36 1.72 (0.06%)
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