China Stocks Tumble Toward 15-Month Low as Stimulus Bets Unwind
- Investors disappointed about lack of measures during G-20
- Technology, industrial companies lead losses in Shanghai
Were Markets Expecting Too Much From the G-20 Meeting?
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Chinese stocks fell, with the benchmark index approaching the lowest level since November 2014, as some investors were disappointed by a lack of specific measures to boost growth during the Group of 20 meetings in Shanghai.
The Shanghai Composite Index dropped as much as 4.6 percent. The measure has declined 24 percent this year, the worst performer among 93 global equity indexes, on concern capital outflows will accelerate and earnings deteriorate as the economic slowdown deepens. The yuan capped its longest losing streak this year.