China stocks posted losses for the fifth consecutive day as investors continued to wonder when the launch of the Hong Kong-Shanghai stock connect would finally begin, Bloomberg reported. Citic Securities (6030.HKG, 600030.SHA) and Haitong Securities (6837.HKG, 600837.SHA), the nation’s biggest brokerages, dropped more than 2% in Shanghai and Hong Kong. Hong Kong Exchanges & Clearing (HKXCF.OTCMKTS) fell 4.7% after the bourse operator’s CEO Charles Li said he had no idea when authorities will give the green light to proceed with the link. China Vanke (2202.HKG, 200002.SHA), the country’s largest developer, slumped by the most since July after profit missed some analysts’ estimates.
Categories