China H-Share Rally Unravels as Index Sinks Most Since February

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China H-Share Rally Unravels as Index Sinks Most Since February

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PT. Equityworld Futures – The longest rally by Chinese H shares in nine years is already becoming a distant memory.

The Hang Seng China Enterprises Index fell 2.5 percent at 10:15 a.m. in Hong Kong, extending its two-day slump to 4.5 percent, the steepest in four months. Producers of energy and building materials led losses after fixed-asset investment in the first five months of 2016 trailed 38 economists forecasts and a global equity selloff deepened. The Shanghai Composite Index dropped 0.8 percent.

Source: Bloomberg

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