Hong Kong shares knocked off near three-month high, China slips

Hong Kong shares were knocked off a near three-month high on Monday as China’s biggest underwriter by revenue, Ping An Insurance, fell sharply after a three-month ban was imposed on its brokerage unit for helping list a fraudulent Chinese company.

Mainland China markets were also weaker, ahead of April data for urban investment, industrial output and retail sales in the world’s second-largest economy later in the day.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1236741/hong-kong-shares-knocked-near-three-month-high-china-slips