China’s Sina Extends Losses After Biggest Fall Since 2008
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Sina Corp., the owner of China’s third-most visited website and the Twitter-like Weibo service, fell for a fifth day in New York, extending losses after the biggest decline since 2008 yesterday.
Sina slid 6.1 percent to $90.92 at 4 p.m., the lowest closing price since March 18. It plunged 11 percent yesterday. The MSCI China/Information Technology Index has fallen 6.3 percent this month, compared to a 2.2 percent decline on the benchmark emerging markets index.