Chinese Stocks at Risk of More Losses as Economic Gloom Worsens
- Factory output, consumption, investment data disappoint
- Hong Kong-listed equities brace for impact as mainland is shut
Residential buildings in Beijing.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
Chinese stocks trading in Hong Kong look primed for losses on Monday following a poor set of economic data that’s deepened skepticism over any near-term market recovery.
Figures released Saturday showed Chinese factory output, consumption and investment all slowed more than forecast for August, while the jobless rate unexpectedly rose to a six-month high. Home prices declined from the previous month.