China’s Stocks Fall on Slump in Prices, Profit Concerns

China’s stocks fell to the lowest level in a week after a report showed producer prices declined the most since 2009 and companies from ZTE Corp. and Yunnan Copper Industry Co. estimated third-quarter losses.

ZTE, China’s second-biggest phone-equipment maker, plunged 10 percent and Yunnan Copper, the nation’s fourth-biggest producer of the metal, retreated 2.4 percent. Chinese producer prices dropped 3.6 percent last month, accelerating from a 3.5 percent decline in the previous month. Concerns about deflation and lending overshadowed reports showing China’s exports and money supply rose more than estimated in September.