Economics
China Stocks Fall to Lowest Level Since 2009 on Japan Row, Data
This article is for subscribers only.
China’s stocks slumped, dragging down the benchmark index to the lowest level since February 2009, after a report on manufacturing signaled a contraction and escalating tensions with Japan threatened trade.
Dongfeng Automobile Co., which makes light trucks in China with Nissan Motor Co., slumped to the lowest level since November 2008 as a Japanese auto group said protests over disputed islands will hurt sales of the nation’s cars in China. Jiangxi Copper Co. and Aluminum Corp. of China Ltd., the biggest copper and aluminum producers, led declines for metal stocks after a HSBC Holdings Plc and Markit Economics survey showed factory output may contract for an 11th month in September.