Chinese Stocks Show Signs of Rotation From Small-Caps to Large

Stock figures on a public ticker in Shanghai, China.Photographer: Raul Ariano/Bloomberg
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A selloff in Chinese small-cap stocks extended on Monday, as investor concerns rise over earnings in riskier corners of the market.

China’s CSI 2000 Index of smaller shares slumped 1.9% and closed at the lowest level in three weeks. The CSI 300 Index of larger companies, by contrast, rose 0.5% — outperforming its small-cap peer by the most since early January.