China’s Stocks Decline to 2009 Low With Trading Activity
This article is for subscribers only.
China’s stocks fell, dragging the benchmark index to its lowest level since 2009, as trading activity slumped. Materials producers and property developers led losses.
Citic Securities Co. dropped among brokerages as regulatory data showed the number of stock trading accounts that made transactions last week was the lowest since at least January 2008, excluding holidays. Zhongjin Gold Co., the country’s third-largest bullion producer, lost 3.3 percent as the metal’s price slid. Poly Real Estate Group Co. dropped the most in two months after the Xinhua News Agency reported a leading think tank recommended expanding a property tax.