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Commodities Plunge Sees China’s Stocks Drop to Three-Month Low

China’s stocks fell to a three- month low, led by metal producers, as concern that global economic growth is slowing dragged commodities to the lowest level since July.

Zijin Mining Group Co., China’s biggest gold producer, slid to the lowest level since December 2008 and Jiangxi Copper Co. (600362) lost 3.2 percent. Dongfeng Automobile Co., which makes light trucks in China with Nissan Motor Co., dropped for a third day after reporting lower sales last month.

The Shanghai Composite Index (SHCOMP) dropped 0.6 percent to 2,168.44 as of 9:53 a.m. local time, extending yesterday’s 1.3 percent loss after a report showed the nation’s economy grew slower than estimated in the first three months of the year.

Bloomberg [1]

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