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China’s Stocks Fall to Cap Worst Monthly Decline in Six Years

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(Bloomberg) -- Kelvin Tay, chief investment officer for South Asia Pacific at UBS Wealth Management, talks about stocks in China and Japan. He speaks from Singapore with Yvonne Man on Bloomberg Television's "First Up." (Source: Bloomberg)

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China’s stocks fell, capping the benchmark index’s biggest monthly drop since August 2009, as the government struggles to rekindle investor interest amid a $3.5 trillion rout.

The Shanghai Composite Index slid 1.1 percent to 3,663.73 at the close, dragged down by energy and industrial companies. The gauge tumbled 15 percent this month, the biggest loss among 93 global benchmark gauges tracked by Bloomberg, as margin traders cashed out and new equity-account openings tumbled amid concern valuations are unsustainable.