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Corporate earnings sink stocks in China

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decline1 March 28, 2012 (Chinavestor) Chinese stocks fell after data showed that corporate earnings actually shrank in January - February period. Earning fell for Jiangxi Copper (SHA:600362), underscoring that point. Shares of Aluminum Corp. of China (SHA:601600) fell the second most among large cap components of the Shanghai Composite Index (SHA:000001). The Hang Seng Index (INDEXHANGSENG:.HSI) gave back 161.5 points or 0.8% after a 380 points surge a day earlier.

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