Economics
Chinese Stocks Fall in Hong Kong as Yuan Outlook Spurs Outflows
China Stock Market: Is It on the Rebound?
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Chinese stocks fell, with a gauge of shares in Hong Kong retreating to an eight-month low, as foreigners pulled funds amid concern about the weaker outlook for the yuan and economic growth.
The Hang Seng China Enterprises Index dropped 0.9 percent to 10,962.24 at the close. Net outflows from Chinese and Hong Kong equities reached $531 million in the week to Aug. 12, the ninth week of sales out of the past 10, China International Capital Corp. said. Ping An Insurance (Group) Co. led losses by insurers as the government seeks to contain the fallout from blasts in Tianjin port. Airlines jumped in mainland trading, spurring a late-day rebound for the Shanghai Composite Index.