BEIJING: Shares in Shanghai and Hong Kong have slid further as data indicating factory activity in China hit a three-year low added to growing concerns about the world’s second-largest economy.
The benchmark Shanghai Composite Index on Tuesday slipped 1.23 per cent, or 39.37 points, to 3,166.62 on turnover of 420.4 billion yuan ($A92.61 billion). However, it had pared losses of as much as 4.75 per cent seen in the morning session.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 4.61 per cent, or 82.53 points, to 1,707.78 on turnover of 305.2 billion yuan.
In Hong Kong, the benchmark Hang Seng Index fell 2.24 per cent, or 485.15 points, to close at 21185.43 on turnover of $HK85.82 billion ($A15.56 billion).
