Chinese Stocks Fall With Yuan After Data Show Economy Is Slowing
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Chinese stocks fell along with the currency as data signaled a deepening slowdown in the economy. Losses in equities gathered pace in the afternoon, led by health-care shares.
The CSI 300 Index closed down 1.7 percent and the ChiNext gauge of small caps slid 2.8 percent, while Hong Kong’s Hang Seng Index fell 1.6 percent. The yuan weakened 0.41 percent in offshore trading and the yield on 10-year government debt rose 1 basis point to 3.37 percent.