Chinese Stocks Sink in Hong Kong to Extend Asia's Biggest Losses
- Hang Seng China Enterprises Index has fallen 20% in 2015
- H shares decouple from A shares for first time in a decade
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Chinese shares in Hong Kong extended the biggest sell-off in Asia this year on concern the nation’s deepening economic slowdown will sap corporate earnings. The offshore yuan weakened to a five-year low and bonds fell.
The Hang Seng China Enterprises Index slid 1.3 percent at the close, completing a third day of losses. China Life Insurance Co. and GF Securities Co. led declines by financial stocks. The Shanghai Composite Index closed 0.3 percent higher. The offshore yuan depreciated 0.4 percent after earlier falling to 6.6094, the weakest level since December 2010. China’s 10-year bonds dropped the most in two weeks.