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Economics

China’s Stocks Sink to April 2009 Low as Quarterly Losses Mount

China’s stocks fell, sending the benchmark index to its lowest close since April 2009, on signs growth is slowing as the government maintains measures to curb inflation and overseas demand for exports falters.

Anhui Conch Cement Co. and Sany Heavy Industry Co. paced a decline by construction-related stocks after a manufacturing gauge contracted for a third month. Citic Securities Co. and Industrial Securities Co. led a drop among brokerages on concern share-price declines will curb trading revenue. China’s markets will be closed next week for holidays.