China’s Stocks Drop on Property Tightening Measures, Narrowing Week’s Gain
By Bloomberg News -
2011-07-15T01:42:34Z
China’s stocks fell, narrowing this week’s gains, after the government said it will expand measures to curb property-price gains to smaller cities.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, slid 11.5 points, or 0.4 percent, to 2,798.91 at 9:39 a.m. local time. The CSI 300 Index lost 0.4 percent to 3,102.33, led by financial and energy stocks.
To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net
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