From Bloomberg:China’s stocks fell for the first time in three days as a drop in U.S. durable-goods orders and a stalemate over raising the nation’s debt limit boosted concerns global economic growth will falter.
Industrial and Commercial Bank of China Ltd. sank to a five-month low after banking regulators reiterated controls on loans to local financing vehicles. China Shipping Container Lines Co. dropped 1.2 percent after saying it expects a first- half loss. China Shipbuilding Industry Co. advanced 2 percent after Xinhua News Agency said China is refitting an aircraft carrier for research.....read on
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