China Stocks Drop for Second Day as Curbs Hurt Property SharesBy
Shanghai index hovers around 3,000 level before economic data
Manufacturing report may show pick up from previous month
China’s stocks fell for a second day, paring this month’s advance, as technology companies slumped and property developers extended losses amid concern new price-cooling measures will hit sales.
The Shanghai Composite Index slid 1.3 percent. Poly Real Estate Group. dropped to the lowest level in a month, dragging down a gauge of developers. The ChiNext index of small-cap shares plunged the most in three weeks. The Hang Seng China Enterprises Index fell for a fourth day as trading resumed in Hong Kong after a two-day holiday…
Leave a Reply
You must be logged in to post a comment.