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Hong Kong, Shanghai: Stocks sink on China data

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[HONG KONG] Shares in Hong Kong and Shanghai retreated Wednesday after more disappointing Chinese data pointing to a further slowdown in the world's number two economy.

Hong Kong's benchmark Hang Seng Index fell 0.58 per cent, or 157.90 points to 27,249.28 on turnover of HK$144.25 billion (US$18.61 billion).

On mainland markets the benchmark Shanghai Composite Index fell 0.58 per cent, or 25.46 points, to 4,375.76 on turnover of 780.8 billion yuan (US$127.8 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.82 per cent, or 19.97 points, to 2,445.87 on turnover of 731.8 billion yuan.

AFP

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