Chinese H-Shares Decline After Imports Fall More Than Estimated

Chinese stocks fell for the first time in three days in Hong Kong trading, led by commodity producers, as data showing a slump in imports deepened concern about the outlook for the world’s second-biggest economy.

The Hang Seng China Enterprises Index, the best-performing Asian stocks measure in the past month, dropped 0.9 percent to 10,441.45 at 3:05 p.m. local time. PetroChina Co. and Anhui Conch Cement Co. retreated at least 1.8 percent. A trade report showed imports plunging 17.7 percent in September, an 11th straight decline, compared with an estimate for a 16.5 percent drop. Exports weakened less than forecast. The Shanghai Composite Index rose 0.2 percent to 3,293.23 at the close as technology and consumer companies rallied.

The CSI 300 Index slipped 0.1 percent. The Hang Seng Index dropped 0.6 percent at 3:14 p.m.

Source: Bloomberg

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