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Synutra Falls Most Since ’08 on Report Product Unsafe

Synutra International Inc., a Chinese maker of baby formula, fell the most since 2008 after a newspaper reported its products may be linked to premature development in infants. The company denied the report.

Synutra tumbled 27 percent to $12.72 at 4 p.m. in Nasdaq trading, the most since September 2008. The stock had the biggest drop among the companies in the Russell 2000 Index.