China Stocks Fall as Sinopec Shanghai Leads Energy Shares Lower

---

China™s stocks fell for a second day as Sinopec Shanghai Petrochemical Co. led a drop for energy companies after forecasting a loss, overshadowing gains by consumer companies.

Sinopec Shanghai Petrochemical sank 4.6 percent after forecasting a loss in the first quarter. Chongqing Changan Automobile Co. jumped by the 10 percent daily limit after the company said first-quarter net income may have risen by as much as 274 percent.

The Shanghai Composite Index dropped 0.2 percent to 2,127.28 at 9:48 a.m. local time. The gauge surged 3.5 percent last week after a deal to link Shanghai and Hong Kong markets that gives Chinese investors unprecedented access to Macau casino stocks and Tencent Holdings Ltd. The CSI 300 Index retreated 0.2 percent to 2,265.63. The Hang Seng China Enterprises Index advanced 0.2 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, fell 1.2 percent in New York.

Source : Bloomberg