Hong Kong shares set for 5th straight loss, China weak too

Hong Kong shares were headed for a fifth day of losses on Thursday, though weakness in commodities sectors were limited by strength in Chinese property developers, lifted by official data that showed March home prices rose.

A lacklustre first quarter GDP reading earlier this week eased jitters on the efficacy of home price curbs. Beijing first announced fresh guidelines in early March but doubts are growing about implementation by local governments, given that the property sector is still a big growth driver.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1217373/hong-kong-shares-set-5th-straight-loss-china-weak-too