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Hong Kong: Stocks fall as financial, consumer firms retreat

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[HONG KONG] Hong Kong stocks reversed earlier gains to end lower on Monday, weighed down by financial and consumer staples firms. Read more at The Business Times.

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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