Hong Kong Stocks Erase Gains as Want Want China Slides
(Corrects time stamp in second paragraph.)
Hong Kong stocks erased gains amid disappointing Chinese economic data as Want Want China Holdings Ltd. (151) retreated from a record high. Shares climbed earlier after a U.S. jobs report beat estimates.
The Hang Seng Index (HSI) fell 0.1 percent to 23,064.93 as of 3:41 p.m. in Hong Kong, after gaining as much as 0.7 percent. About the same number of stocks climbed as fell, with trading volume about 25 percent below the 30-day average for the time of day. The Hang Seng China Enterprises Index of mainland companies declined 0.6 percent to 11,417.63.
To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net
To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.