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China Stocks Drop for Second Day as Curbs Hurt Property Shares | Tony Seruga
Mar
28

China Stocks Drop for Second Day as Curbs Hurt Property Shares

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  • 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…

China Stocks Drop for Second Day as Curbs Hurt Property Shares

 

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