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Most Chinese Stocks Drop on Earnings Concerns After Sany Outlook
May 8, 2012 10:29Source:SMM
Most Chinese stocks fell after Sany Heavy Industry Co. said it may cut its sales forecast for this year.
May 8 (Bloomberg) -- Most Chinese stocks fell after Sany Heavy Industry Co. said it may cut its sales forecast for this year, boosting concern a slowing property market will hurt earnings in the construction industry.
The Shanghai Composite Index slipped 0.2 percent to 2,446.36 at 9:45 a.m. local time. The CSI 300 Index dropped 0.4 percent to 2,706.96, led by material and financial stocks.
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