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Hong Kong: Stocks sink after five-day rally

[HONG KONG] Hong Kong stocks tumbled almost two percent on Thursday after five days of gains while Shanghai retreated with investors focusing on data showing a slight dip in Chinese economic growth in the third quarter.

The Hang Seng Index dived 1.92 per cent, or 552.67 points, to 28,159.09 - wiping out all its recent advances.

The benchmark Shanghai Composite Index fell 0.34 per cent, or 11.62 points, to 3,370.17 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, sank 0.82 per cent, or 16.39 points, to 1,983.72.


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