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Hong Kong, Shanghai: Shares retreat despite China data
[HONG KONG] Hong Kong and Shanghai stocks fell on Tuesday, with investors unable to maintain early momentum prompted by a better than expected growth figure for China's economy in the first three months.
The Hang Seng Index fell 0.83 per cent, or 252.84 points, to 30,062.75, marking a fourth straight loss.
The benchmark Shanghai Composite Index lost 1.41 per cent, or 43.85 points, to 3,066.80. The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 2.2 per cent, or 40.21 points, to 1,784.56.