Hong Kong stocks fell for a third day before the release of China’s key August economic data.
The Hang Seng Index dropped 0.7 per cent to 25,328.24 in early Wednesday morning trading. The Hang Seng Tech Index retreated 1.5 per cent.
Casino stocks Sands China and Galaxy Entertainment led the decline in the city, falling at least 10 per cent.
China’s Shanghai Composite Index slipped 0.4 per cent.
Most markets in Asia fell on Wednesday tracking overnight losses in US equities, where a weaker-than-expected inflation report stoked concerns about the impact of the Delta virus variant on the economy and fuelled a rally in Treasuries.
China’s statistics bureau is due to release a set of economic data for August at 10am, which will offer clues on how the world’s largest economy is coping with the implications of the sporadic outbreaks of Covid-19 cases and the damage caused by regulatory curbs on industries ranging from technology to after-school tutoring and ride-hailing.
Industrial production, retail sales and investments probably all trailed analysts’ projections last month, according to the estimates of analysts surveyed by Bloomberg.