US data, debt-talks stalemate weaken equities

SHANGHAI - Stocks on the Chinese mainland fell for the first time in three days as a drop in US durable-goods orders and a stalemate over the US debt limit boosted concerns global economic growth will falter.

Industrial & Commercial Bank of China Ltd (ICBC) sank to a six-month low as regulators tightened oversight of wealth-management services.

Anhui Conch Cement Co, the nation's largest producer of the building material, dropped the most in more than two months after the Shanghai Securities News reported that cement companies are cutting prices amid slumping demand.