China Stocks Drop Most in Month on Manufacturing, Japan Selloff

China’s stocks fell the most in a month, led by material and consumer-discretionary companies, after a report showed an unexpected contraction in manufacturing and Japanese equities plunged the most since 2011.

SAIC Motor Corp. and Gree Electric Appliances Inc. slumped more than 3 percent, sending consumer-discretionary stocks to the biggest loss among industry groups. Jiangxi Copper Co., the largest producer of the metal, slid 2.8 percent on speculation China will end commodity-financing deals. EGing Photovoltaic Technology Co. led losses for solar stocks on concern the European Union will impose import duties on Chinese solar goods.