Chinese Stocks Decline as Premier Li Flags Pressures on Economy
- Technology shares among biggest losers in industry groups
- Market looking for more signs of growth rebound, analyst says
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China’s equities swung into losses, with industrial stocks leading the retreat, as Premier Li Keqiang flagged downward pressures on the world’s second-largest economy.
The Shanghai Composite Index fell 0.3 percent. Machinery maker Citic Heavy Industries Co. led declines for industrial stocks, while brokerage Shenwan Hongyuan Group Co. dropped after saying its net income nearly halved in the first quarter.