Stocks decline on mainland services
Hong Kong stocks slid, with the city’s benchmark index retreating from a two-anda-half-year high, after a Chinese mainland’s services gauge fell and brokerages dropped. Citic Securities Co, the mainland’s largest brokerage by market value, slumped 4.2 percent after reaching an all-time high yesterday. The Hang Seng Index fell 0.5 percent to 23,910.47 at the close in Hong Kong, its biggest drop in almost three weeks after Monday closing at its highest since April 2011. The Hang Seng China Enterprises Index of mainland shares, also known as the H-share index, slid 0.9 percent to 11,448.35.