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Chinese Stocks Decline as Mid-Cap Plunge Overshadows Bank Rally

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China’s stocks declined from a three-year high as a rout in mid-cap shares overshadowed a rally by banks. The value of shares traded on Shanghai’s exchange surged to the most on record.

The SSE 380 Index slid 2.7 percent, the most in two months. Inner Mongolia North Hauler Joint Stock Co. and Shanghai East-China Computer Co. tumbled by the daily 10 percent limit after both stocks closed at record highs last week. Small-company shares and technology companies also slumped. Bank of China Ltd. jumped 10 percent, while Agricultural Bank of China Ltd. advanced 5.5 percent.