(Bloomberg) -- Hong Kong's Hang Seng Index retreated from a record after Li Ka-shing said mainland equities are too expensive, heightening concern China's shares are headed for a slump that will have a knock-on effect on the city's stocks.
Chinese companies including China Life Insurance Co. and China Petroleum & Chemical Corp. were among the biggest contributors to today's decline in the Hang Seng Index.
Read more at Bloomberg Stocks News
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