Most Chinese Stocks Drop as Industrial, Consumer Shares Retreat
- Weaker data, concern over lack of new stimulus hurts equities
- Shanghai Composite is world's worst performer this year
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Most Chinese stocks declined, led by industrial and consumer-staples companies, as investors awaited the release of economic data. Gains by power producers capped losses.
More than two shares fell for each that rose on the Shanghai Composite Index, which slipped less than 0.1 percent. A gauge of industrial companies sank the most among industry groups, while Sichuan Chuantou Energy Co. jumped the most this year to lead utility stocks higher. Data on new loans and money supply may be released as early as Thursday, while reports on industrial production and retail sales are also due this week.