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Hong Kong, Shanghai: Stocks slip on China factory figures
[HONG KONG] Hong Kong and Shanghai stocks tumbled Wednesday after a gauge of Chinese manufacturing activity for September hit a six-and-a-half-year low, adding to worries about the world's number two economy.
The Hang Seng Index sank 2.26 per cent, or 493.67 points, to close at 21,302.91.
Shanghai's composite index lost 2.19 per cent, or 69.73 points, to 3,115.89. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gave up 0.83 per cent, or 14.47 points, to 1,736.44.