China’s Stocks Fall Most In 6 Months On Services, U.S. Jobs Data

China’s stocks fell the most in six months after the nation’s non-manufacturing industries expanded at a slower pace for a second month and fewer U.S. jobs were added than economists estimated.

PetroChina Co. (601857), the second-largest oil refiner, dropped to a record low as the Shanghai Securities News reported fuel prices may be cut and JPMorgan Chase & Co. lowered its estimate for China’s gross domestic product for the second time in a month. Sany Heavy Industry Co., China’s biggest machinery maker, declined 4.4 percent after Nomura Holdings Inc. reduced its outlook for the industry.

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