China shares appeared headed for their worst day in nearly a month on Tuesday, weighing on Hong Kong markets, after a preliminary survey of manufacturing activity in April in the world’s second-largest economy came in weaker than expected.
Growth-sensitive counters extended losses after China’s flash HSBC Purchasing Managers’ Index for April fell to 50.5 from the final March 51.6 reading.
China’s industry ministry said separately that companies had no strong desire to invest given weak demand and overcapacity.
via Business feed http://www.scmp.com/business/money/stock-talk/article/1221425/china-shares-set-worst-day-month-flash-pmi-also-rattles
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