Hong Kong Stocks on Edge of Bear Market as Contagion Fears Mount

(Bloomberg) — Chinese stocks saw volatile trading as worrying signs mount in all corners of the economy.

The Hang Seng Index, where a majority of the members are mainland firms, was down 0.2% as of 11:35 a.m. in Hong Kong. The gauge had fallen more than 2% earlier, which took losses since a January high to 21%, on course to enter a bear market. A gauge of Chinese tech stocks gained, erasing a 2.5% loss.