Shares in Hong Kong and Shanghai tumbled on Monday as preliminary Chinese manufacturing data from HSBC suggested the world’s number two economy was slowing down.
Hong Kong’s Hang Seng Index closed 2.11 per cent, or 488.37 points, lower at 22,711.02 on turnover of HK$64.52 billion ($A7.82 billion).
HSBC said that early figures showed its Purchasing Managers Index (PMI) for May slipped to 51.1 – the lowest since July 2010 – from a final reading of 51.8 in April.
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