Indexes fall as industrial stocks retreat

Mainland equities swung into losses, with industrial stocks leading the retreat.

The Shanghai Composite Index fell 0.3 percent. Machinery maker CITIC Heavy Industries Co led declines for industrial stocks, while brokerage Shenwan Hongyuan Group Co dropped after saying its net income nearly halved in the first quarter.

The real economy faces multiple difficulties, and the nation will promote supply-side structural reforms to ensure that growth is in a reasonable range, Premier Li Keqiang was cited as saying by China Central Television.