Chinese Stocks in Hong Kong Fall to Extend World’s Worst Losses

Chinese stocks in Hong Kong dropped, extending the world’s biggest declines this month, on concern the nation’s slowing economic growth will hurt earnings and state intervention in equities will delay market reforms.

The Hang Seng China Enterprises Index slid 1.2 percent to 11,734.27 at the close in Hong Kong, dragged down by insurers. The H-share gauge has fallen 9.6 percent in July, the worst performer among 93 global benchmarks tracked by Bloomberg, as the bull market in mainland equities ended. The Shanghai Composite Index reversed losses in the last hour of trading, adding 0.2 percent in a fifth day of gains.