Chinese stocks slump most in three weeks as manufacturing slows
In this multiple exposure image, a Chinese investor checks the prices of shares (red for price rising and green for price falling) on his phone at a stock brokerage house in Qingdao city, east Chinas Shandong province, 23 April 2013. Chinas stocks fell, dragging the benchmark index down the most in three weeks, as a gauge of manufacturing in the nation this month trailed estimates on Tuesday (23 April 2013). The preliminary reading of a Purchasing Managers Index fell to 50.5 for April from 51.6 in March, according to HSBC Holdings Plc and Markit Economics, compared with the 51.5 median forecast of economists. The Shanghai Composite Index declined 2.2 percent to 2,192.82 at 1:03 p.m. local time, heading for its biggest loss since March 28. The CSI 300 Index fell 2.9 percent to 2,458.35.
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