China stocks tumble 3% on tighter lending rules; blue-chip index sees worst drop in 1½ years

Chinese equities saw heavy losses Thursday following new liquidity rules in the country and as global investors opted for safe-haven assets like sovereign bonds. The Shenzhen composite closed down 2.9 percent and the tech-heavy Chinext composite lost 2.77 percent. The Shanghai composite dropped 2.2 percent with the technology, consumer non-cyclical and health-care sectors …

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