China Stocks Fall to 1-Month Low on Economy, Investment Concern
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China’s stocks fell, dragging the benchmark index to the lowest level in a month, after foreign direct investment dropped and Pacific Investment Management Co. said the nation’s economic slowdown may deepen.
Jiangxi Copper Co. and Aluminum Corp. of China Ltd. paced declines for metal producers as the political impasse in Greece fueled concerns that the country may leave the euro area. Yanzhou Coal Mining Co. slid to the lowest in three weeks after the price of the country’s coal for power stations declined for the first time since at least 2009. Qingdao Haier Co. led a rally for household appliance stocks on speculation the government may introduce stimulus measures for the industry.