Hong Kong Stocks Complete Longest Streak of Losses Since 2003

Hong Kong stocks fell for an eighth day, the longest stretch of losses since the 2003 spread of severe acute respiratory syndrome and the U.S. invasion of Iraq, as economic reports in America and falling commodity prices damped investor confidence in the global recovery.

Li & Fung Ltd., the biggest supplier to retailers including Wal-Mart Stores Inc., dropped 0.6 percent. HSBC Holdings Plc, which made 20 percent of its 2009 revenue in North America, lost 1.4 percent. Cnooc Ltd., China’s biggest offshore oil producer, retreated 2.3 percent, while Jiangxi Copper Co., China’s No. 1 producer of the metal, sank 2.2 percent.