China Stocks Fall, Halts Longest Rally in Month
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China’s stocks fell the most in two weeks, led by material producers and port operators.
Shanghai International Port (Group) Co. dropped 2.6 percent after gaining 95 percent since the Ministry of Commerce issued a statement on Aug. 22 reiterating that the city’s free-trade zone had won State Council approval on July 3. Aluminum Corp. of China Ltd. slumped the most in a month. China Merchants Bank Co. advanced 2.3 percent after raising 27.5 billion yuan ($4.5 billion) in a rights offer.