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Showing posts with the label Asian markets at Close Report by MarketWatch; July 08

China stocks tumble, weigh on Asia: Asian markets at Close Report by MarketWatch; July 08, 2013.

By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Chinese stocks tumbled Monday on concerns Beijing won’t ease policies despite slowing growth, with the losses also dragging down other regional markets.  The Shanghai Composite CN:SHCOMP -2.44%  fell 2.4%, and Hong Kong’s Hang Seng Index HK:HSI -1.31%  dropped 1.3%, with the retreat coming amid caution ahead of the release of China’s monthly inflation data Tuesday.  In a statement Friday elaborating on its pursuit of economic restructuring and reforms, the State Council — China’s cabinet — indicated it would strengthen supervision of wealth-management products and emphasized financial-market stability, but also hinted it would loosen controls on banks’ in