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Thursday, September 14, 2017, 16:34
Hong Kong stocks fall as soft mainland data revive slowdown concerns
By Reuters
Thursday, September 14, 2017, 16:34 By Reuters

SHANGHAI - Hong Kong stocks fell on Thursday, as a flurry of soft Chinese mainland data rekindled concerns the country's economy could start to lose some steam.

The Hang Seng index fell 0.4 percent, to 27,777.20, while the China Enterprises Index lost 0.8 percent, to 11,101.14 points.

Data published on Thursday showed mainland's fixed-asset investment, a key growth driver for the nation's economy, grew 7.8 percent in the first eight months of the year, the weakest pace since December 1999 and cooling from 8.3 percent in January-July.

Factory output also disappointed in August with the weakest growth rate in nine months.

Most sectors fell on Thursday, led by financials and telecommunication shares.

But an index tracking mainland developers rose sharply, up nearly 2 percent.

 

 


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