China H-shares fall most in 10 weeks as banks, autos skid
Published on Apr 15, 2014 5:04 PM
BEIJING (Reuters) - Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in automakers and sharp declines in banks following weak Chinese money supply data.
The China Enterprises Index of the leading offshore Chinese listings in Hong Kong, or H-shares, closed down 2.1 per cent. That marked its biggest one-day percentage drop since Feb 4.
The main Hang Seng Index ended 1.6 per cent lower at 22,671.26.
China Citic Banking Corp fell 6.5 per cent and China Minsheng Banking Corp lost 8.2 per cent after Chinese central bank data showed the country's money supply grew at its weakest pace since 2001 and loan growth slowed in March.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here