Bloomberg News

China’s Stocks Drop on Property Measures, Narrowing Week’s Gains

July 14, 2011

July 15 (Bloomberg) -- China’s stocks fell, narrowing this week’s gains, after the government said it will expand measures to curb property-price gains to smaller cities.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, slid 11.5 points, or 0.4 percent, to 2,798.91 at 9:39 a.m. local time. The CSI 300 Index lost 0.4 percent to 3,102.33, led by financial and energy stocks.

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