Hong Kong, China markets slide for second day, property sector weak

Stock markets in Hong Kong and mainland China declined for the second straight day on Tuesday, led downward by real estate and financials, as investors grew concerned that rising property prices would lead to fresh restrictions on the sector.

“Participants are unloading their shares ahead of the upcoming corporate earnings in particular in a directionless market,” said Alfred Chan, chief dealer at Cheer Pearl Investment.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1153852/hong-kong-china-markets-slide-second-day-property-sector