Stocks hit by moves on homes and credit

Shanghai bourse falls nearly 3%, biggest one-day drop in months

Stocks in the Chinese mainland fell on Thursday after the government said property price controls will remain, and after an apparent credit-tightening stance by the central bank.

The benchmark Shanghai Composite Index fell nearly 3 percent, or 71.23 points, to 2325.95, the biggest one-day fall in 15 months. Turnover was 126.63 billion yuan ($20.3 billion).