China's Equities Plunge Most in a Month as Volatility Reignites
- Shanghai Composite sinks more than 6% as industrials tumble
- Rout comes as G-20 finance ministers gather in Shanghai
Chinese Stocks Tumble Most in a Month
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China’s stocks tumbled the most in a month as surging money-market rates signaled tighter liquidity and the offshore yuan declined for a fifth day.
The Shanghai Composite Index sank 6.4 percent at the close, with about 70 stocks falling for each that rose. Industrial and technology companies led losses. The overnight money rate, a gauge of liquidity in the financial system, climbed the most since Feb. 6.