An investor passes by an electronic board displaying stock prices at a brokerage house in Shanghai on August 8, 2011. Photo: Xinhua

Hong Kong stocks break two-day losing streak on lower rates, with bank and property stocks rising

  • HSBC, Standard Chartered lower rates to help small businesses
  • Shanghai benchmark slides for third day as manufacturing slows
Topic |   China stock market

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An investor passes by an electronic board displaying stock prices at a brokerage house in Shanghai on August 8, 2011. Photo: Xinhua
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Hong Kong officially slips into a technical recession as economic growth shrank 3.2 per cent in the third quarter. Photo: Roy Issa

Hong Kong slips into recession as economy shrinks 3.2 per cent in the third quarter

  • The decline between July and September followed a 0.4 per cent drop in the second quarter, marking a fall in two consecutive quarters
  • Tourist arrivals in Hong Kong also declined 50 per cent year on year in the first half of October
Topic |   Hong Kong protests

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Hong Kong officially slips into a technical recession as economic growth shrank 3.2 per cent in the third quarter. Photo: Roy Issa
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