Asian markets: China stocks fall despite Fed's rosy forecast


China stocks dropped Wednesday for the first time in four days, with the Shanghai Composite Index falling 1.1 percent to close at 2,999.7 -- hovering at the 3,000 mark that many technical analysts view as a key point of resistance for the recovering market.

Brokerages led the slide as the number of newly opened trading accounts in China declined for a sixth consecutive week. Citic Securities Co. dropped 2.3 percent and its rival, Haitong Securities Co., suffered a 2.1 percent loss. China Everbright Securities Co. Ltd., the latest brokerage company to list on the exchange, fell 2.2 percent.