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Showing posts with the label Asia stocks drop after China data; Hong Kong hit.

Asia stocks drop after China data; Hong Kong hit; Asian Markets at Close report by MarketWatch; July 03, 2013.

By V. Phani Kumar , MarketWatch  HONG KONG (MarketWatch) — Asian stocks fell Wednesday as concerns about growth in China’s services sector added to the selling pressure amid caution ahead of U.S. jobs data later in the week, dragging on Hong Kong and Australian equities in particular.   Hong Kong’s Hang Seng Index HK:HSI -2.48%  declined 2.5%, and the Shanghai Composite CN:SHCOMP -0.61% ended 0.6% lower.  Australia’s S&P/ASX 200 AU:XJO -1.86%  tumbled 1.9%, returning most of the gains made in the previous session, when it jumped 2.6% after t