Chinese Stocks Take Their Biggest Fall in Three Months
Mobius on China, Russia, India Investment Strategy
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China’s stocks tumbled the most in three months amid concern the government will introduce measures to cool the world’s best-performing market as valuations surge and new share sales potentially divert funds from existing equities.
Industrial & Commercial Bank of China Ltd. and PetroChina Co., the nation’s biggest companies, slumped at least 3.6 percent. Phone and property shares led declines, with China United Network Communications Ltd. and Poly Real Estate Group Co. slumping at least 7 percent. Everyday Network Co. and Nationz Technologies Inc. paced losses for small companies.