China’s H-Shares Enter Bear Market While Yuan Weakens

Chinese stocks fell, sending the Hang Seng China Enterprises Index into a bear market, and the yuan sank to a one-year low as concern deepened that the world’s second-largest economy is slowing.

The gauge of Chinese companies listed in Hong Kong dropped 1.7 percent to 9,203.07 at the close, extending its retreat from a Dec. 2 high to 20 percent. BYD Co., the Warren Buffett-backed maker of electric cars, tumbled 14 percent today while the CSI 300 Index of mainland-listed shares sank 1.6 percent to a five-year low. The yuan weakened 0.5 percent to 6.2275 per dollar.