Hong Kong shares drift near 1-1/2-month lows ahead of China economic data



Oct 17 Hong Kong shares drifted near 1-1/2-month lows on Monday, as a cautious mood prevailed ahead of a slew of China data this week that investors hope will paint a clearer picture of how the world's second largest economy is faring.
The Hang Seng index fell 0.8 percent, to 23,037.54, while the China Enterprises Index lost 0.6 percent, to 9,541.08 points.
The recent correction in Hong Kong stocks is natural after the market's strong rally last quarter, and as mainland money inflows have fallen sharply this month, said Alex Wong, Hong Kong-based director at Ample Finance Group.
"The... read more

 
17 October 2016 in World News, Views: 24
Source: Reuters
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