Bloomberg News

Hong Kong Stocks Erase Gains as Want Want China Slides

March 11, 2013

(Corrects time stamp in second paragraph.)

Hong Kong stocks erased gains amid disappointing Chinese economic data as Want Want China Holdings Ltd. (151) retreated from a record high. Shares climbed earlier after a U.S. jobs report beat estimates.

The Hang Seng Index (HSI) fell 0.1 percent to 23,064.93 as of 3:41 p.m. in Hong Kong, after gaining as much as 0.7 percent. About the same number of stocks climbed as fell, with trading volume about 25 percent below the 30-day average for the time of day. The Hang Seng China Enterprises Index of mainland companies declined 0.6 percent to 11,417.63.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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