Monday, December 9, 2013

Hong Kong stocks slip ahead of data releases

LOS ANGELES (MarketWatch) -- Stocks in Hong Kong began the trading session lower, a cautious start before the release of retail sales, fixed-asset investment and industrial output data later in the day. The Hang Seng Index (HK:HSI) lost 0.1% at 23,779.46, and the Hang Seng China Enterprises Index gave up 0.2%. Shares of market heavyweight HSBC Holdings PLC (HK:5) shed 0.4% after the company reportedly called a Financial Times report that its considering listing a portion of its U.K. banking unit "speculation." On the mainland, the Shanghai Composite (CN:SHCOMP) rose 0.2% at 2,244.90. China Everbright Bank Co. shares (CN:601818) were off 0.5% following the company's plan launch to an initial public offering in Hong Kong.

Read the full story:
Asia stocks mostly lower, with China data in focus

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