Hang Seng falls 1.1% after soft China data

The Hong Kong stock market closed lower after reversing earlier gains on Wednesday, 13 May 2015, due to a fresh batch of weaker than expected China economic data. The benchmark index opened down 54 points and saw its losses widen. The Hang Seng Index fell 157.90 points or 0.58% to 27249.28, off an intra-day high of 27524.82 and day low of 27191.03. Turnover increased to HK$144.25 billion from HK$136 billion on Tuesday.

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