China stocks drop in Asia amid credit fears


27/05/2012 08:37 AST  MarketWatch

Chinese stocks declined in Asia Friday amid concerns weak bank credit could hurt the nation’s growth, while Hong Kong stocks staged a late rebound, tracking gains in Europe after strong German economic data.

The session was marked by choppy trading in regional markets amid lingering uncertainty over the European debt crisis.

China’s Shanghai Composite Index (CN:000001) and Australia’s S&P/ASX 200 Index (AU:XJO) dropped 0.7% each, while Taiwan’s Taiex gave up 0.8%.

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