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China Stocks Fall as Property Curbs Overshadow Industrial Profit

  • Shanghai, Shenzhen take measures to tame soaring home prices
  • Industrial companies' profits halt seven-month losing streak
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China’s stocks fell as property developers slumped after some of the nation’s biggest cities introduced real-estate curbs, overshadowing a rebound for industrial companies’ profits.

The Shanghai Composite Index slipped 0.7 percent, erasing a gain of as much as 1 percent. Poly Real Estate Group Co. and Gemdale Corp. led declines for developers. Shenzhen joined Shanghai in introducing measures late last week to tame soaring real-estate prices, including increasing down-payment requirements. Industrial profits broke a seven-month losing run to climb 4.8 percent in the January-February period.