The China stock market continues to decline, with the Shanghai Composite dropping almost 110 points in two days, closing just above 3,330 points. Global markets are soft due to worries about interest rates. The SCI fell sharply on Friday, with losses in property and mixed performances in financial and resource stocks. The Dow, NASDAQ, and S&P 500 all closed lower on Wall Street, with concerns about interest rates affecting the market. Oil futures also dropped due to concerns about demand and increased U.S. crude inventories.

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