Weak re­sults un­der­cut Chi­nese shares in HK

China Daily (Canada) - - BUSINESS -

Chi­nese stocks trad­ing in­Hong Kong fell for the first time in three days after com­pa­nies in­clud­ing BYD Co and PetroChina Co posted de­clines in quar­terly profit and In­dus­trial & Com­mer­cial Bank of China Ltd re­ported its big­gest jump in bad loans since at least 2006. Rail­way com­pa­nies ral­lied in Shang­hai, pro­vid­ing support for the na­tion’s bench­mark Shang­hai Com­pos­ite In­dex. The State Coun­cil (cab­i­net) said the gov­ern­ment will boost con­sump­tion in six in­dus­tries in­clud­ing hous­ing as growth in the world’s sec­ond-big­gest econ­omy slows.

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