Economics
China Stocks Fall to Lowest in Month on Commodity Futures Curbs
- Commodity exchanges boost margin requirements on more products
- Improving economic data lower odds of further monetary easing
Assessing the Health of China's Economy
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China’s stocks fell, extending the biggest weekly decline in almost three months, after commodity exchanges moved to cool trading in raw materials and signs of accelerating economic growth reduced odds of further easing of monetary policy.
The Shanghai Composite Index slipped 0.4 percent, led by material companies. Commodity exchanges in Zhengzhou and Dalian announced late Friday that they will raise margin requirements on futures contracts of cotton and thermal coal, following similar moves on steel reinforcement-bar and iron ore contracts earlier in the week. The yuan weakened for a fourth day in Shanghai for the longest stretch of losses in two months.