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Hong Kong, Shanghai shares retreat despite China data

Hong Kong, Shanghai shares retreat despite China dataHONG 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 percent, or 252.84 points, to 30,062.75, marking a fourth straight loss.

The benchmark Shanghai Composite Index lost 1.41 percent, or 43.85 points, to 3,066.80. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, tumbled 2.20 percent, or 40.21 points, to 1,784.56.

Copyright AFP (Agence France-Press), 2018

Source: Brecorder

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