Chinese stocks fell, sending the benchmark index to a five-month low, as declines for technology and consumer shares overshadowed a rally for Aluminum Corp. of China Ltd. and raw-material companies.
The Shanghai Composite (SHCOMP) fell for a fourth day, losing 0.2 percent to 2,009.56 at the close. The gauge rose as much as 0.7 percent after China’s securities regulator said it plans to tighten supervision of initial public offerings. UBS AG sees the pace of IPOs accelerating in coming months, dragging down small-company stocks.
Read Full Article HERE
Weiyi Lim, Bloomberg via CHINA US Focus http://ift.tt/1j3I9Do
No comments:
Post a Comment