Asian stocks tumble as small companies plummet

Chinese stocks retreated to the seven-week low, after small businesses reported decrease in sales and the People's Bank of China failed to decrease money rates. The Shanghai Composite Index depreciated 1.7%, thus loosing total of 3.4% this month and coming closer to the first fall in four months. Zhejiang Beigmate Technology Industry & Trade Co. plummeted 8.9% after announcing reduction in net income. Tsinghua Tongfang Co. slipped 6.2%, thus having the biggest drop from tech companies.