Chinese Stocks Decline Most in a Month in Hong Kong on Economy
- PetroChina leads slump for commodity shares with 6.5% plunge
- Official manufacturing data likely to show contraction
What's Fueling the Asian Selloff?
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Chinese stocks tumbled in Hong Kong, with the benchmark gauge heading for its steepest quarterly loss in four years, as a commodity rout deepened concern about the nation’s growth outlook.
The Hang Seng China Enterprises Index slid 3 percent to 9,230.50 at the close in Hong Kong, the biggest loss in a month, while the Hang Seng Index dropped 3 percent to a two-year low. PetroChina Co. and Jiangxi Copper Co. slumped more than 4 percent after commodities trader Glencore Plc plunged by a record. The Shanghai Composite Index declined 2 percent in thin turnover.