Hong Kong shares fell 103 points or 0.4% to 23,238 around noon on Monday, marking a third straight session of losses amid a drop in U.S. futures following Moody’s downgrade of the U.S. credit rating.
Investors also digested China’s April activity data, where industrial output growth eased but topped expectations, while retail sales came in below forecasts.
Additionally, fixed-asset investment slowed in the first four months of the year.
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