China Stocks Fall Most in Week on Lending Concern
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China’s stocks fell, capping the benchmark index’s biggest loss in a week, as concern that new bank lending isn’t picking up overshadowed a rally for airlines.
China Citic Bank Corp. and Huaxia Bank Co. led declines for financial companies, sliding at least 1.2 percent. Baoshan Iron & Steel Co., the largest-listed steelmaker, lost 3.1 percent after reporting a 14 percent drop in first-half profit. China Eastern Airlines Corp., the second-biggest domestic carrier, surged by the daily limit in Shanghai on the prospect it will benefit from an aviation investment fund.