Chinese equities fell for a second day in New York, led by E-Commerce China Dangdang Inc. (DANG) and China Life Insurance Co., after the World Bank cut the nation’s 2013 economic growth forecast.
The Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese shares in the U.S. slid 0.6 percent to a one-week low of 100.89 yesterday. Web retailer Dangdang slumped for a second day, driving its 10-day volatility to a three-week high. China Life slid to post the widest discount to Hong Kong stock in two months after Credit Credit Suisse Group AG cut its rating. Yanzhou Coal Mining Co. dropped to the lowest level this year while Trina Solar Ltd. (TSL) sank the most since November.