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China and Hong Kong shares weaken as stable growth eases stimulus bets
HONG KONG: China and Hong Kong stocks weakened on Tuesday, joining a broader retreat in the region, after Beijing kept key lending rates unchanged and stronger GDP data dampened expectations for additional stimulus. China’s blue-chip CSI300 Index dropped 0.5% by the lunch break, while the Shanghai Composite Index was 0.1% weaker. Dragging the broader market lower, the CSI Banks Index and the financial sector were both down 1.4%. The gold-related sector weakened 1.2% as bullion prices continued to slip The startup board ChiNext Composite index was higher by 0.3% to recover from a 14-month low, ...
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