Hong Kong stocks fell by the most in nearly three weeks as China’s deflationary trend became more entrenched, deepening concerns about the nation’s growth prospects.
The Hang Seng Index dropped 0.8 per cent to 23,943.42 at 10.13am local time on Wednesday and the Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent.
Henderson Land Development slumped 8.3 per cent to HK$26 after raising HK$8 billion…