Hong Kong shares end at five-week low

Published Sep 15, 2014

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Hong Kong - Hong Kong shares finished at their lowest in five weeks on Monday, after a slew of weaker-than-expected China data over the weekend fanned fresh worries about the world's second-largest economy.

The Hang Seng Index closed down 1.0 percent at 24,356.99 points, its lowest since August 8.

It posted its seventh straight daily loss, which marked the longest losing streak for the benchmark index since May 2012.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 1.6 percent.

Sinopec Corp led the slide on both indexes.

Shares in Asia's top oil refiner plunged 6.8 percent after the company said it plans to sell a 107.1 billion yuan (R192 billion) stake in its retail unit.

Macau casinos continued to be weak with no foreseeable improvement in revenue growth.

Galaxy Entertainment sank 3.3 percent and Sands China 1.4 percent. - Reuters

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