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Stock market today: Asian shares fall back amid selling of China property shares

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Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry. China Vanke lost 1.2%, while Country Garden Holdings gave up 2%. Hong Kong-based Sun Hung Kai Properties shed 2.4%. Chinese services data came in weaker than expected, dulling hopes for a rebound i

Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday.Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.

Hong Kong's Hang Seng index declined 1.4% to 18,575.00 while the Shanghai Composite index fell 0.6% to 3,157.86. Investors are watching for comments by European Central Bank chief Christine Lagarde and others later Tuesday.

 

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