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China Shares Fall for Second Day, Tracking Regional Selloff

  • Hang Seng China Enterprises Index drops to February 2016 low
  • Setback to U.S. bill, possible northbound curbs hurt sentiment
The Beijing Stock Exchange in Beijing, China. 

The Beijing Stock Exchange in Beijing, China. 

Photographer: Andrea Verdelli/Bloomberg
Updated on

Chinese shares broadly tumbled as investors were spooked by a setback for a U.S. bill that had been expected to boost climate spending, and Beijing’s plan to bar mainland traders from a stock link with Hong Kong.

Hong Kong’s Hang Seng China Enterprises Index fell 2.1% to a fresh five-year low - its second day of declines - while the ChiNext Index closed 3% lower on the mainland, the steepest decline since late July. A Bloomberg gauge of China real estate developers lost 3.2% to the lowest since February 2017.