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Hong Kong, Shanghai shares hit by weak China data

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(Globalpost/GlobalPost)

Shares in Hong Kong and Shanghai fell on Tuesday after data showed manufacturing activity in China slowed in April, adding to concerns about the state of the world's number two economy.

In Hong Kong the benchmark Hang Seng Index lost 1.08 percent, or 237.76 points, to end at 21,806.61 on turnover of HK$56.75 billion ($7.32 billion).

Chinese shares tumbled 2.57 percent. The benchmark Shanghai Composite Index dropped 57.63 points to 2,184.54 on turnover of 82.2 billion yuan ($13.3 billion).

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http://www.globalpost.com/dispatch/news/afp/130423/hong-kong-shanghai-shares-hit-weak-china-data