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In China Stocks, a $2.3 Trillion Rebound Is Giving Way to Gloom
Shanghai Composite endures its worst week since October
Beijing’s shift in stimulus tone has undermined confidence

Shanghai stocks lost 5.6 percent, the most since October, after the government signaled it will pare back support for the economy amid evidence of a recovery. Sovereign bonds, which are rapidly turning into Asia’s worst performers, also slumped.