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China's Stocks Tumble Most in Seven Weeks to Break Trading Calm

  • Shanghai Composite Index falls below key 3,000 level
  • Gauge of price swings climbs from lowest level this year
Bloomberg business news

Is China Reaching a Make-or-Break Moment?

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China’s stocks sank the most in almost two months, pushing a gauge of volatility up from its lowest level this year as turnover surged.

The Shanghai Composite Index dropped as much as 4.5 percent, the biggest loss since Feb. 29, before paring declines to 2.3 percent at the close. Industrial and technology companies led losses, while 13 stocks fell for each that rose. The Hang Seng China Enterprises Index retreated from a three-month high in Hong Kong.