Skip to content
Subscriber Only

Hong Kong Stocks Decline Most in a Month on China Data

Hong Kong stocks slid, with the benchmark index capping the biggest decline in almost a month, after data showed China’s new credit fell in March from a year earlier and money supply grew at the slowest pace on record.

Agricultural Bank of China Ltd. lost 2.1 percent. Guotai Junan International Holdings Ltd. tumbled 7.9 percent after the brokerage said it plans to sell shares. Great Wall Motor Co. sank 5.2 percent after JPMorgan Chase & Co. cut its rating. Hong Kong Exchanges & Clearing Ltd., the world’s second-biggest bourse operator by market value, slipped 5.3 percent after jumping 14 percent in the past two sessions.