HK, China shares set for third-straight loss

Hong Kong and China shares were headed for a third-straight loss on Wednesday, led down by China’s banking and property sector after state media reported that bad loan ratios at the country’s top banks may triple by the end of the year.

Hong Kong turnover held steady at midday as US election results pointed to a victory for President Barack Obama. Volume in Shanghai neared 2012 lows ahead of a once-in-a-decade political transition in China that formally starts with the 18th Communist Party Congress on Thursday.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1077031/hk-china-shares-set-third-straight-loss