China's Stocks Drop From a Record; Citic Securities, Daqin Railway Fall

(Bloomberg) -- China's stock index fell from a
record on concern new share sales of two commercial banks will
divert capital from existing equities. Citic Securities Co.
declined.

``Investor sentiment has been stifled by the prospect of a
diversion of liquidity from the market,'' said Yan Ji, an
investment manager at HSBC Jintrust Fund Management Co. in
Shanghai, which manages about $517 million.


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