Bloomberg News

Hong Kong Stocks Fall as Adviser Sees China GDP Slowing

July 22, 2012

Hong Kong stocks fell, with the Hang Seng Index headed for its biggest drop in two months, after a Chinese central bank adviser predicted the nation’s economic growth could slow further and as the prospect of Greece leaving the euro zone resurfaced.

The Hang Seng Index fell 2.4 percent to 19,161.92 as of 09:34 a.m. local time, all but erasing last week’s gains. All shares on the 49-member gauge retreated. Hang Seng China Enterprises Index (HSCEI) of mainland companies dropped 2.8 percent to 9,299.54.

To contact the reporter on this story: Patrick Boehler in Hong Kong at pboehler@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net


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