Monday, September 17, 2012
China
China: stocks fell the most in 10 weeks on speculation the govt won’t ease monetary policy as quickly as anticipated and after Citi said the economic growth slowdown will extend into next year.
Poly Real Estate Group plunged 6.7% , leading declines for property developers, after Chinese home sales slumped.
China Cosco , the world’s largest operator of dry-bulk ships, dropped the most in seven weeks after Citi cited slumping export demand in cutting its growth forecast.
The Shanghai Composite Index slid 2.1% to 2,078.50 as of the close, the most since July 9. The CSI 300 Index declined 2.5% to 2,258.71.
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