Economics

China’s Stocks Fall Most in Almost 4 Weeks on Economic Outlook

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China’s stocks fell, dragging the benchmark index down by the most in almost four weeks, on concern the nation’s economic and earnings outlook is worsening before a report on manufacturing scheduled for tomorrow.

Anhui Conch Cement Co., which releases its third-quarter earnings tomorrow, slid 4 percent after KGI Securities said demand growth is limited and cement price gains in eastern China are nearing an end. Shenzhen Hongtao Decoration Co. tumbled 10 percent after the company cut its earnings forecast. Foreign buyers attending the Canton trade fair declined 11.4 percent from the spring session, the China Daily reported, while Citigroup Inc. cut its 2012 economic growth estimates for China.