China’s stocks fell for a second day, led by technology and industrial companies.

The Shanghai Composite Index retreated 1.5 percent at 9:34 a.m. local time, extending Friday’s 1.3 percent decline. The Hang Seng China Enterprises Index slumped 1.8 percent, heading for its lowest close since July 8.

Profit at China’s industrial companies dropped 0.3 percent in June from a year earlier, the statistics bureau said Monday, after data Friday showed a private gauge of manufacturing in the nation unexpectedly declined in July to the lowest level in 15 months.

Source: Bloomberg