HONG KONG, March 10 Hong Kong shares suffered
their biggest one-day loss in five weeks on Monday, after a slew
of tepid China economic data over the weekend reignited fears of
a bigger slowdown in the world's second-largest economy.
The Hang Seng Index finished down 1.8 percent at
22,264.9 points, while the China Enterprises Index of
the leading offshore Chinese listings in Hong Kong also sank 1.8
percent. This was their biggest one-day loss since Feb. 4.
China's consumer prices rose 2 percent in February from a
year earlier, their slowest rate in 13 months as pork prices
fell by their most in over a year, a sign that slowing growth
rather than rising prices poses a risk.
Exports in February fell 18.1 percent from a year earlier,
following a 10.6 percent rise in January, the General
Administration of Customs said on Saturday. Imports rose 10.1
percent, yielding a trade deficit of $23 billion for the month
versus a surplus of $32 billion in January.