(Bloomberg) -- China's stocks plunged the most in a
month as new share sales heightened concern that funds will be
drained from equities and a state agency called on policy makers
to take action to damp short-term speculation.
China Petroleum & Chemical Corp. and Baoshan Iron & Steel
Co. were among the biggest contributors to today's decline.
About 40 companies including Fujian Expressway Development Co.
plunged the daily cap of 10 percent.
Read more at Bloomberg Stocks News
month as new share sales heightened concern that funds will be
drained from equities and a state agency called on policy makers
to take action to damp short-term speculation.
China Petroleum & Chemical Corp. and Baoshan Iron & Steel
Co. were among the biggest contributors to today's decline.
About 40 companies including Fujian Expressway Development Co.
plunged the daily cap of 10 percent.
Read more at Bloomberg Stocks News
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