Economics
Chinese Stocks Fall With Yuan as Manufacturing Contracts
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China’s stocks fell, with mainland companies in Hong Kong tumbling the most in three weeks, after a manufacturing index in the world’s second-largest economy trailed estimates. Yuan forwards dropped.
The Hang Seng China Enterprises Index slid 2.1 percent at the close, as Industrial & Commercial Bank of China Ltd. led declines for financial companies. The Shanghai Composite Index retreated 0.5 percent after rallying the most in two months yesterday. The yield on 10-year government bonds climbed, while yuan forwards fell the most in six weeks.