Economics
China’s Stocks Fall to Three-Week Low on Economic Growth Concern
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China’s stocks fell, sending the benchmark index to the lowest level in three weeks, as declines in manufacturing gauges added to signs of a deepening economic slowdown.
The Shanghai Composite Index slid 1.1 percent to 3,622.91 at the close, the lowest level since July 8, dragged down by technology companies. PetroChina Co., the biggest stock by market value, sank 4.7 percent. Trading volumes in Shanghai slumped to the worst levels in five months on Friday, while the stocks gauge briefly fell below its 200-day moving average in intraday trading on Monday.