Shares fall as drug­mak­ers drop amid cor­rup­tion probe

China Daily (Hong Kong) - - BUSINESS DIGEST -

China’s stocks fell on Thurs­day, drag­ging the bench­mark in­dex down the most in two weeks, as drug­mak­ers slid amid the start of a cor­rup­tion probe and au­tomak­ers de­clined. Jiangsu Hen­grui Medicine Co and Bei­jing SL Phar­ma­ceu­ti­cal Co sank more than 5 per­cent. Reg­u­la­tors will crack down on il­le­gal com­pe­ti­tion and bribery in drug sales and med­i­cal ser­vices. The Shang­hai Com­pos­ite In­dex lost 0.9 per­cent to 2,081.88 at the close. The in­dex has climbed 6.8 per­cent since reach­ing a more than four-year low on June 27 as July data from ex­ports to in­dus­trial out­put im­proved.

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