(Bloomberg) -- Asian stocks fell for the first time
in three days after China tripled the tax on securities
transactions, causing the biggest slump in the region's best
performing equity market in three months.
Citic Securities Co. posted its biggest loss since January,
leading a plunge of 6.8 percent in the CSI 300 Index. The Chinese
benchmark has almost doubled this year, recovering from a Feb. 27
tumble that started a global rout and wiped about $3.3 trillion
off the value of equities worldwide.
Read more at Bloomberg Stocks News
in three days after China tripled the tax on securities
transactions, causing the biggest slump in the region's best
performing equity market in three months.
Citic Securities Co. posted its biggest loss since January,
leading a plunge of 6.8 percent in the CSI 300 Index. The Chinese
benchmark has almost doubled this year, recovering from a Feb. 27
tumble that started a global rout and wiped about $3.3 trillion
off the value of equities worldwide.
Read more at Bloomberg Stocks News
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