Hong Kong shares suffer worst monthly run of losses in 36 years

Hong Kong equities rallied Wednesday, but the Halloween spurt was never going to be enough to sugarcoat a grim October.

The city’s Hang Seng Index fell 10 percent this month, its biggest loss since the tumultuous January of 2016. The October decline takes the benchmark’s losing streak to six months, its longest downward run in 36 years. Even the Shanghai Composite Index, the world’s worst equity gauge this year, did better in October, falling only 7.8 percent.
 
The moves in Tencent Holdings Ltd. have a big impact on the index because of the Internet company’s size, even after