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BEIJING, Nov. 24 (Xinhua) -- Chinese shares finished 3.67 percent lower on Monday, declining for a third straight day on profit-taking after an expected lending rate cut didn't materialize over the weekend.

The benchmark Shanghai Composite Index fell 72.33 points, or 3.67 percent, to 1,897.06. The Shenzhen Component Index dropped 245.15 points, or 3.65 percent, to 6,466.19.

Losers outnumbered gainers by 764 to 101 in Shanghai and by 638 to 92 in Shenzhen.