Chinese stocks dropped the most in two weeks as indexes tracking energy, materials and industrial companies sank to the lowest levels since November 2008.
China Shenhua Energy Co., the nation’s biggest coal producer, slipped 3.6 percent, taking its loss this year to 38 percent. Yunnan Tin Co. plunged 8.7 percent after saying its chairman is under investigation. Zijin Mining Group Co. (601899), China’s largest gold producer, declined for the first time in six days after saying first-half profit probably decreased. Goldman Sachs Group Inc. cut its earnings forecasts for Chinese mining companies, citing lower metal prices and sales.
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