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Hong Kong: Stocks fall after China data fails to impress
[HONG KONG] Hong Kong stocks fell on Wednesday as investors watched China indexes slide as the country's better-than-expected economic data failed to cheer up mainland markets.
The Hang Seng index fell 0.3 per cent to end the day at 25,055.76 points, while the China Enterprises Index lost 1.3 per cent to close at 11,681.20 points.
China stocks tumbled despite surprisingly positive official economic data, as a recent post-rout, government-triggered rebound appears to be running out of steam.
Galaxy Entertainment led the fall in the Hong Kong blue-chip index, sliding 3.7 per cent. New World Development dropped 3.3 percent, and China Life Insurance was down 2.7 per cent.
Great Wall Motor led slides in the China companies index, dropping 5.6 per cent. It was followed by CITIC Securities , losing 4.9 per cent, and BYD Co Ltd, down 4.7 per cent.