Economics
Most China Stocks Fall, Led by Small Companies; Developers Gain
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Most Chinese stocks fell after manufacturing indexes signaled small businesses are struggling. Losses for technology companies and retailers overshadowed gains for property developers.
Beijing Originwater Technology Co., which has the biggest weighting on the ChiNext index of small companies, plunged 5.3 percent. Chongqing Department Store Co. declined 3.1 percent, dragging down a gauge of commercial enterprises including retailers that trade in Shanghai. Gemdale Corp. rose for the first time in three days, leading property stocks higher after new home prices jumped last month.