China Stocks Fall to Five-Month Low
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Chinese stocks fell, sending the benchmark index to a five-month low, as declines for technology and consumer shares overshadowed a rally for Aluminum Corp. of China Ltd. and raw-material companies.
GoerTek Inc., an Apple Inc. supplier, retreated to the lowest level since May. Gree Electric Appliances Inc. dropped 3.8 percent. Aluminum Corp. of China, known as Chalco, gained at least 7 percent in Shanghai and Hong Kong after it estimated net income of 1 billion yuan ($165 million) in 2013. Jilin Ji En Nickel Industry Co. surged 10 percent after Indonesia banned mineral ore exports to cut nickel supplies.