Stocks fall most in nearly two months

Analysts blame tight market liquidity and upcoming tax reform

Chinese mainland stocks sank the most in almost two months on Wednesday, with experts saying tight market liquidity, upcoming value-added tax reform and technical adjustment may be the reasons.

The Shanghai Composite Index dropped as much as 4.5 percent, the biggest loss since Feb 29, before paring declines to 2.3 percent at the close. The Shenzhen Component Index declined 4.1 percent, while the ChiNext startup index plummeted 5.6 percent.