China Stocks Sink Most in Four Months Amid Leverage Crackdown
- Shanghai Composite Index falls as much as 1.9% on Monday
- Regulators have stepped up campaign to curb speculation
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A selloff in Chinese stocks deepened, with the benchmark gauge slumping the most in four months, amid concern authorities will step up measures to crack down on leveraged trading.
The Shanghai Composite Index fell 1.4 percent at the close, the biggest one-day loss since Dec. 12. Industrial companies and material producers led losses. The ChiNext small-cap gauge slipped 1.6 percent to 1,809.91, its lowest closing level since September 2015.