Hong Kong Stocks Decline for Second Day; Automakers Plunge
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Hong Kong stocks fell for a second day as Chinese automakers slid on concern government curbs will limit car sales, and developers dropped on mounting concern China may step up measures to cool gains in property prices.
Dongfeng Motor Group Co., the Chinese partner of Nissan Motor Co., plunged 7.9 percent. Geely Automobile Holdings Ltd., whose parent bought Volvo Cars, lost 6 percent. China Resources Land Ltd., a state-controlled developer, declined 0.6 percent.