China Stocks Drop to Two-Week Low on Korea, Regulation Concern
- Hong Kong markets closed for holiday, will open on Tuesday
- Companies that surged on Xiongan plans pare back recent gains
Control Risks' Chamorro Sees Volatility in Korean Markets
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Shares in mainland China slid on concern over regional geopolitical tension and the stock regulator’s call for stricter supervision of companies.
The Shanghai Composite Index declined 0.7 percent to 3,222.17 at the close, the lowest level since March 30. Utilities and materials shares were among the biggest decliners. China Fortune Land Development Co. slumped by the 10 percent daily limit as the heat came out of a rally in stocks linked to a new economic zone near Beijing. Trading in Hong Kong’s stock market will resume on Tuesday after a holiday.