Industrial and Commercial Bank of China, the world's largest commercial lender by assets, fell 3.6 per cent.The Hang Seng consumer staples index closed down 2.3 per cent, after rising as much as 1.7 per cent in early morning trade.
China's factory activity grew at a slower pace in August as floods across southwestern China disrupted output, but the services sector expanded at a solid rate in a boost to the economy.
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Hong Kong: Stocks rally at open[HONG KONG] Hong Kong stocks rallied more than one per cent after opening Monday morning as data showed a better-than-expected improvement in Chinese factory activity during August. Read more at The Business Times.
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Hong Kong dividend stocks no longer in favour as payouts slashedDIVIDEND investors are having to rethink their strategies in Hong Kong's stock market, as companies mired in a pandemic-driven recession are slashing payouts more than before. Read more at The Business Times.
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