Hong Kong Stocks Drop to 12-Week Low on Global Recovery Concern

Hong Kong stocks fell, sending the Hang Seng Index to its lowest close in almost 12 weeks, after U.S. Federal Reserve Chairman Ben S. Bernanke gave no hint of a new round of economic stimulus even as the recovery slows.

Li & Fung Ltd., the world’s biggest supplier of toys to retailers that gets most of its revenue from the U.S., lost 3.6 percent. Jiangxi Copper Co., China’s No. 1 producer of the metal, sank 1 percent as copper prices dropped in London. HSBC Holdings Plc, Europe’s biggest bank, declined 1.1 percent after agreeing to pay $62.5 million to settle a group lawsuit in New York.