Hong Kong shares are headed for their worst daily loss in seven weeks on Thursday, sinking deeper into the red after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October.
Chinese markets reversed losses to eke out slim gains at the midday trading break, helped by property counters such as China Vanke on expectations that home prices would rise further as developers hold back on supplies.
via Business feed http://www.scmp.com/business/money/stock-talk/article/1244111/hong-kong-shares-set-worst-day-seven-weeks-china-bucks
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