China’s Stocks Sink Most Since February on Eve of MSCI Decision
- Fixed asset investment missed all estimates for January-May
- MSCI to announce whether to include China stocks this week
Making Sense of the Chinese Economy
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China’s stocks tumbled the most in three months as concern grew about the nation’s economic outlook and investors awaited MSCI Inc.’s decision on whether to include mainland shares in its global indexes.
The Shanghai Composite Index dropped 3.2 percent as mainland markets traded for the first time since Wednesday. The ChiNext index of smaller companies sank 6 percent to its lowest level in almost a month, as Leshi Internet Information & Technology Corp. plunged by the 10 percent daily limit. China’s fixed-asset investment in the first five months of 2016 trailed all 38 economists’ forecasts, reports showed Monday, while yuan approached a five-year low.