Most Chinese stocks fell as declines by technology shares and power producers overshadowed gains among property and consumer-staples companies. Price swings on the Shanghai Composite Index dropped to a five-month low before the release of a manufacturing gauge tomorrow.
Beijing’s air pollution climbed to hazardous levels days before the national legislature opens its annual meeting, drawing new attention to environmental degradation that the government has promised to address.
The helicopter swooped over Hong Kong’s Victoria Harbor trailing a huge red-and-white banner: RMB SOVEREIGN BONDS. There were billboards on buses and banks and at the entrance to the cross-harbor tunnel.
China’s stocks fell for a third day after Morgan Stanley and Deutsche Bank AG cut their economic growth forecasts for the Asian country on concern a slowdown in the U.S. and Europe will reduce exports.
Chinese authorities halted plans to produce the toxic chemical paraxylene at a China Petroleum & Chemical Corp. plant after hundreds of residents clashed with police over concerns the factory would hurt their health.