China Stocks Fall on Economic Concern, Capping 4th Weekly Slump
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China’s stocks fell, capping a fourth week of losses for the benchmark index, as sliding property prices and the slump in manufacturing added to concern the economic slowdown is deepening.
China Shenhua Energy Co. and Jiangxi Copper Co. led losses for energy and material producers, the biggest decliners among 10 industry groups in the CSI 300 Index after utilities. China Southern Airlines Co. the largest domestic carrier, plunged 3.2 percent after the China Securities Journal said the government raised wholesale jet fuel prices.