Economics
Chinese Stocks in Hong Kong Fall to One-Month Low on Oil Shares
- Shanghai dual-listed shares lag offshore drop, widen premium
- Bumpy Chinese economic recovery a risk to commodities: analyst
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Chinese stocks in Hong Kong fell to a one-month low as commodity prices declined and doubts grew over the sustainability of a pickup in the nation’s economic indicators.
The Hang Seng China Enterprises Index lost 0.6 percent, dropping for a third day. The Shanghai Composite slipped less than 0.1 percent, helping widen the premium mainland shares command over dual-listed counterparts in Hong Kong. China Petroleum & Chemical Corp. and PetroChina Co. paced losses for energy companies in Hong Kong as U.S. crude prices traded below $44 a barrel. Zijin Mining Group Co. sank the most in three weeks as gold prices retreated.