Most Chinese Stocks Drop on Earnings Concerns After Sany Outlook
Most Chinese stocks fell after Sany Heavy Industry Co. said it may cut its sales forecast for this year, boosting concern a slowing property market will hurt earnings in the construction industry.
The Shanghai Composite Index slipped 0.2 percent to 2,446.36 at 9:45 a.m. local time. The CSI 300 Index dropped 0.4 percent to 2,706.96, led by material and financial stocks.
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