Hong Kong Stocks Slump Most in Six Months on China Data

Hong Kong stocks declined, with the city’s benchmark index sinking the most in six months, after a gauge of China’s services industries fell to a four-month low.

Industrial & Commercial Bank of China Ltd., the nation’s biggest lender, decreased 2.7 percent. Belle International Holdings Ltd., slumped 5.1 percent to lead declines on the Hang Seng Index after Sunwah Kingsway Capital Holdings Ltd. cut its price target on China’s largest seller of footwear. Zhaojin Mining Industry Co., China’s No. 2 gold producer, gained 2.6 percent as the bullion’s price rose to a two-week high.