Chinese Stocks in Hong Kong Resume Losses as Financials Decline
- Investors concerned little policy support ahead, Pang says
- Trading volume remains light in Shanghai, Hong Kong markets
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Chinese stocks in Hong Kong resumed declines as financial companies slumped amid speculation the central government will refrain from adding stimulus even as the economy slows.
The Hang Seng China Enterprises Index slid 0.5 percent at the close, falling for the seventh time in eight days. Financial companies were the worst performers, with Ping An Insurance (Group) Co. and Industrial & Commercial Bank of China Ltd. losing at least 1 percent. The Shanghai Composite Index climbed 0.2 percent, led by consumer and health companies. Turnover in Shanghai has been drying up, falling to levels last seen regularly in 2014. The ChiNext small-cap index fell to the lowest level since March 16.