HK, Mainland Stocks Fall Despite Growth Data

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2018-04-17 HKT 16:54

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  • Better than expected growth on the mainland failed to lift the markets. File photo: RTHK

    Better than expected growth on the mainland failed to lift the markets. File photo: RTHK

Hong Kong and Shanghai stocks fell on Tuesday, with investors unable to maintain early momentum prompted by a better than expected growth figure for the mainland's economy in the first three months.

The Hang Seng Index fell 0.8 percent, to 30,062, marking a fourth straight loss.

On the mainland, the Shanghai Composite Index lost 1.4 percent, to 3,066 while the Shenzhen Composite Index tumbled 2.2 percent, to 1,784.

Other Asian markets fell, with trade and geopolitical tensions still dogging sentiment.

Sydney, where a number of firms that rely on Chinese business are based, was flat, but Singapore added 0.2 percent.

Tokyo closed slightly higher while Seoul eased 0.2 percent, Wellington dipped 0.7 percent and Taipei fell more than 1 percent. (AFP)

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