Hong Kong: Stocks drop after China data

[HONG KONG] Shares in Hong Kong and Shanghai fell on Monday (Nov 1) after data at the weekend showed Chinese factory activity contracted more than expected last month, dealing a fresh blow to the already stuttering economy.

The Hang Seng Index shed 0.88 per cent, or 222.92 points, to 25,154.32.

The Shanghai Composite Index dipped 0.08 per cent, or 2.86 points, to 3,544.48, though the Shenzhen Composite Index on China's second exchange rose 0.49 per cent, or 11.75 points, to 2,411.78.

AFP