China Stocks Extend Biggest Retreat in a Month in Hong Kong
- Insurers' earnings sink after equity rout hurt investments
- Shares rallied this month after measures to bolster markets
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Chinese stocks posted their biggest three-day loss in a month in Hong Kong as earnings at some of the nation’s largest companies missed estimates and traders increased bets for a December interest-rate increase in the U.S.
The Hang Seng China Enterprises Index dropped 1.1 percent to 10,439.38 at the close, capping a three-day, 2.9 percent retreat. China Life Insurance Co. sank 5.4 percent after reporting lower net income. The Shanghai Composite Index rose 0.4 percent at the close. Around 67 percent of Shanghai-listed companies that have reported third-quarter results so far have trailed analysts’ forecasts, versus 52 percent for the MSCI Emerging Markets Index.