HONG KONG: Asian stocks drifted on Tuesday, reversing earlier gains, with China stocks taking fright as new share issues raised the prospect of a sell-off.
Hong Kong’s main index slid 1.0 percent by mid-session, tracking China stocks which fell as the new issues raised the prospect of funds being diverted from existing equities, dealers said. The benchmark Shanghai Composite Index dropped 1.84 percent at the break.
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